Tex. Water Code § 65.503
This is the official text of Tex. Water Code § 65.503, part of Texas’s Water Code — governs water rights and water resource management.
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§ 65.503. MANNER OF REPAYMENT OF BONDS OR NOTES.
Official statutory text
The board may provide for the payment of principal of and interest and redemption price, if any, on the bonds or notes by pledging all or any part of the designated revenues to result from the ownership or operation of the district's works, improvements, facilities, plants, equipment, and appliances or under specific contracts for the period of time the board determines.
Status: in_force · Read it on the official government site
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