Tex. Water Code § 53.171
This is the official text of Tex. Water Code § 53.171, part of Texas’s Water Code — governs water rights and water resource management.
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§ 53.171. POWER TO ISSUE BONDS.
Official statutory text
(a) A district may issue bonds to secure indebtedness for any purpose authorized by this chapter, Chapter 49, or other applicable laws.
(b) A district may not issue tax bonds or incur any debt which is to be paid with tax revenue unless an election is first held in the district and the proposition is approved by a majority of the electors of the district who vote in the election.
(b) A district may not issue tax bonds or incur any debt which is to be paid with tax revenue unless an election is first held in the district and the proposition is approved by a majority of the electors of the district who vote in the election.
Status: in_force · Read it on the official government site
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