Texas Water Code 63.227 – Retiring Debt
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Terms Used In Texas Water Code 63.227
- District: means a self-liquidating navigation district. See Texas Water Code 63.001
- Property: means real and personal property. See Texas Government Code 311.005
Debentures, notes, or other evidences of debt may be retired by rents, tolls, fees, or charges other than taxes. The debt also may be retired by assessments against taxable property in the district which is equitably distributed on the basis of benefits derived by the property from district improvements.