Tex. Water Code § 53.186
This is the official text of Tex. Water Code § 53.186, part of Texas’s Water Code — governs water rights and water resource management.
Not legal advice. This page reproduces the official text of a government statute for reference only. Laws change, and how a statute applies depends on your specific facts. For advice about your situation, consult a licensed attorney in your state.
§ 53.186. INTEREST AND SINKING FUND.
Official statutory text
(a) A district shall have an interest and sinking fund. The board shall credit to this fund all taxes collected for the payment of interest or redemption of district bonds.
(b) The board shall use money in this fund only:
(1) to pay interest on district bonds;
(2) to cancel and surrender district bonds; and
(3) to pay the expenses of assessing and collecting the taxes.
(b) The board shall use money in this fund only:
(1) to pay interest on district bonds;
(2) to cancel and surrender district bonds; and
(3) to pay the expenses of assessing and collecting the taxes.
Status: in_force · Read it on the official government site
Need a lawyer in Texas?
Find a Texas lawyer
About this page: Statute text is reproduced from official government publishers via the
Open US Law dataset
(Vaquill AI, snapshot v2026.08, CC BY 4.0). Primary legislative text like this is public domain under the government-edicts doctrine
(Georgia v. Public.Resource.Org, 2020). We link every section back to its official source so you can verify it independently.