The board may provide for the payment of principal of and interest and redemption price, if any, on the bonds or notes by pledging all or any part of the designated revenues to result from the ownership or operation of the district's works, improvements, facilities, plants, equipment, and appliances or under specific contracts for the period of time the board determines.
Tex. Water Code § 65.503
MANNER OF REPAYMENT OF BONDS OR NOTES
Added by Acts 1983, 68th Leg., p. 2448, ch. 435, Sec. 4, eff
Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.