Tex. Water Code § 60.176
This is the official text of Tex. Water Code § 60.176, part of Texas’s Water Code — governs water rights and water resource management.
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§ 60.176. OBLIGATIONS AS CHARGE ON ENCUMBERED PROPERTY AND FACILITIES.
Official statutory text
(a) No obligation issued under Section 60.174 of this code shall be a debt of the district issuing the obligation but shall be solely a charge on the encumbered property and facilities.
(b) Revenue and income from the encumbered property and facilities of the district shall not be considered in determining the power of the district to issue any bonds for any purpose authorized by law.
(b) Revenue and income from the encumbered property and facilities of the district shall not be considered in determining the power of the district to issue any bonds for any purpose authorized by law.
Status: in_force · Read it on the official government site
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