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Tex. Loc. Gov't Code § 383.082

MANNER OF REPAYMENT OF BONDS

Known as the County Development District Act

The act spans §§ 383.001 to 383.123 (53 sections).

Added by Acts 1995, 74th Leg., ch. 995, Sec. 5, eff

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.

Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.