Texas Local Government Code 552.0205 – Revenue Bonds to Pay for District Services Under Contract
Current as of: 2024 | Check for updates
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(a) In this section, “district” has the meaning assigned by § 49.001, Water Code.
(b) If a district contracts with a municipality to provide all or part of the water or wastewater services to the municipality, the municipality may issue bonds payable from the revenues of its water and wastewater system to provide funds to make payments owed by the municipality to the district under the contract.
Terms Used In Texas Local Government Code 552.0205
- Contract: A legal written agreement that becomes binding when signed.
- Municipality: means a general-law municipality, home-rule municipality, or special-law municipality. See Texas Local Government Code 1.005