Texas § WA.58.480 - ALTERNATE METHODS FOR PAYING BONDS
Full text of Texas The Texas Constitution § WA.58.480 — ALTERNATE METHODS FOR PAYING BONDS, with citation guidance and answers to common questions.
§ WA.58.480. ALTERNATE METHODS FOR PAYING BONDS
ALTERNATE METHODS FOR PAYING BONDS. (a) As used in this section and in Sections 58.481-58.484 of this code, "net revenue" means income or increment which may come from ownership and operation of the improvements which are encumbered less the proportion of the district's revenue income reasonably required to provide for administration, efficient operation, and adequate maintenance of the district's services and facilities which are encumbered. Net revenue does not include money derived from taxation. (b) A district which expects net revenue from operations may secure its bonds in any one of the following: (1) as provided in Section 58.463 of this code; (2) by entering into a contract to pledge the net revenue of the district and to mortgage and encumber part or all of the property and facilities, franchise, revenue, and income from operations, and everything acquired or to be acquired by the district; or (3) as provided in both Subdivisions (1) and (2) of this subsection. Added by Acts 1977, 65th Leg., p. 1537, ch. 627, Sec. 1, eff. Aug. 29, 1977.
Frequently Asked Questions About Texas § WA.58.480
What does The Texas Constitution § WA.58.480 cover?
Section WA.58.480 ("ALTERNATE METHODS FOR PAYING 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.58.480?
A common citation format is "The Texas Constitution § WA.58.480" (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.58.480 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.