Texas § SD.9078.0152 - AUTHORITY TO ISSUE BONDS
Full text of Texas The Texas Constitution § SD.9078.0152 — AUTHORITY TO ISSUE BONDS, with citation guidance and answers to common questions.
§ SD.9078.0152. AUTHORITY TO ISSUE BONDS
AUTHORITY TO ISSUE BONDS. (a) The district may issue bonds to: (1) furnish land, easements, or permanent improvements to land or easements; (2) provide dams, structures, projects, and works of improvement for flood prevention, including structural and land treatment measures, and for agricultural phases of the conservation, development, use, and disposal of water, and for necessary facilities and equipment in connection therewith and for the improvement, maintenance, and repair of the same; and (3) exercise any other district power. (b) Except as otherwise provided by this chapter, district bonds must be authorized by a board resolution. (c) District bonds may be secured by and payable wholly from: (1) ad valorem taxes; (2) net operating revenues of the district, the net revenues of any contract made, or other revenues as specified in the resolution authorizing the issuance of the bonds; or (3) any combination of ad valorem taxes and net revenues as determined by the board. (d) In a resolution authorizing the issuance of bonds secured wholly or partly by district revenues, the board may reserve the right under conditions specified in the resolution to issue additional bonds on a parity with or subordinate to the bonds being issued. Added by Acts 2019, 86th Leg., R.S., Ch. 468 (H.B. 4172 ), Sec. 1.05, eff. April 1, 2021.
Frequently Asked Questions About Texas § SD.9078.0152
What does The Texas Constitution § SD.9078.0152 cover?
Section SD.9078.0152 ("AUTHORITY TO ISSUE BONDS") is part of the The Texas Constitution, the codified statutory law of Texas. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Texas § SD.9078.0152?
A common citation format is "The Texas Constitution § SD.9078.0152" (Texas). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Texas law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Texas official source linked on this page or consult a licensed Texas attorney.
How does Texas § SD.9078.0152 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Texas can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Texas.