(a) The board may not issue bonds until the county has consented by resolution to the conversion of the Legacy Water Control and Improvement District to a municipal management district and to the inclusion of land in the district.
(b) This section applies only to the district’s first issuance of bonds payable from ad valorem taxes.

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Terms Used In Texas Special District Local Laws Code 4008.0506

  • Legacy: A gift of property made by will.