Texas Local Government Code 383.082 – Manner of Repayment of Bonds
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Terms Used In Texas Local Government Code 383.082
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
The board may provide for the payment of principal of and interest and redemption price on bonds:
(1) from taxes;
(2) by pledging all or any part of the designated revenues, license fees, or other compensation from a project or any part of a project, including revenues and receipts derived by the district from the lease or sale of the project;
(3) by pledging all or any part of any grant, donation, revenue, or income received or to be received from any public or private source; or
(4) from a combination of such sources.