Texas § SD.8511.0703 - POWER TO ISSUE BONDS
Full text of Texas The Texas Constitution § SD.8511.0703 — POWER TO ISSUE BONDS, with citation guidance and answers to common questions.
§ SD.8511.0703. POWER TO ISSUE BONDS
POWER TO ISSUE BONDS. (a) For the purpose of carrying out any power conferred by this chapter, including preparation of the master plan and payment of engineering and related expenses, the authority may issue bonds in three general classes: (1) bonds secured by ad valorem taxes; (2) bonds secured by a pledge of all or part of the revenue accruing to the authority from any source other than ad valorem taxes, including the revenue received from: (A) the sale of water or other products; (B) the rendition of services; (C) tolls; and (D) charges; and (3) bonds secured by a combination pledge of: (A) taxes; and (B) all or part of the revenue described by Subdivision (2). (b) The bonds must be authorized by a board resolution. Added by Acts 2021, 87th Leg., R.S., Ch. 914 (H.B. 3530 ), Sec. 1.03, eff. April 1, 2023.
Frequently Asked Questions About Texas § SD.8511.0703
What does The Texas Constitution § SD.8511.0703 cover?
Section SD.8511.0703 ("POWER 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.8511.0703?
A common citation format is "The Texas Constitution § SD.8511.0703" (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.8511.0703 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.