Texas Special District Local Laws Code 21.402 – Bond Payment
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Terms Used In Texas Special District Local Laws Code 21.402
- 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 imposition of property taxes on all taxable property in the district;
(2) by pledging all or part of the designated revenue from the ownership or operation of the district’s works, improvements, and facilities; or
(3) from a combination of the sources listed by Subdivisions (1) and (2).