Texas Local Government Code 351.150 – Manner of Repayment of Bonds
Current as of: 2024 | Check for updates
|
Other versions
Terms Used In Texas Local Government Code 351.150
- Property: means real and personal property. See Texas Government Code 311.005
The board may provide for the payment of the principal of and interest on the bonds:
(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 of the district; or
(3) from a combination of the sources listed in Subdivisions (1) and (2).