Texas § WA.54.503 - MANNER OF REPAYMENT OF BONDS
Full text of Texas The Texas Constitution § WA.54.503 — MANNER OF REPAYMENT OF BONDS, with citation guidance and answers to common questions.
§ WA.54.503. MANNER OF REPAYMENT OF BONDS
MANNER OF REPAYMENT OF BONDS. The board may provide for the payment of principal of and interest and redemption price on the bonds in any one of the following manners: (1) from the levy and collection of ad valorem taxes on all taxable property within the district; (2) 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; (3) by pledging all or part of any funds or revenues available to the district; or (4) a combination of the sources set forth in Subdivisions (1), (2), and (3) of this section. Added by Acts 1971, 62nd Leg., p. 795, ch. 84,
Source: official Texas text · Last verified 2026-08-27
Frequently Asked Questions About Texas § WA.54.503
What does The Texas Constitution § WA.54.503 cover?
Section WA.54.503 ("MANNER OF REPAYMENT OF 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 § WA.54.503?
A common citation format is "The Texas Constitution § WA.54.503" (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 § WA.54.503 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.