Tex. Water Code § 36.172
This is the official text of Tex. Water Code § 36.172, part of Texas’s Water Code — governs water rights and water resource management.
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§ 36.172. MANNER OF REPAYMENT OF BONDS AND NOTES.
Official statutory text
The board may provide for the payment of principal of and interest on the bonds and notes in any one of the following manners:
(1) from the levy and collection of ad valorem taxes on taxable property within the district;
(2) from fees;
(3) by pledging all or any part of the designated revenues from the ownership or operation of the district's works, improvements, and facilities and from the sale, transportation, and distribution of water; or
(4) from any combination of these sources.
(1) from the levy and collection of ad valorem taxes on taxable property within the district;
(2) from fees;
(3) by pledging all or any part of the designated revenues from the ownership or operation of the district's works, improvements, and facilities and from the sale, transportation, and distribution of water; or
(4) from any combination of these sources.
Status: in_force · Read it on the official government site
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