The authority may issue bonds payable, as pledged by board resolution, from:(1) ad valorem taxes imposed on taxable property in the authority; or(2) ad valorem taxes and revenue of the authority. Added by Acts 2007, 80th Leg., R.S., Ch. 920 (H.B. 3166), Sec. 1.12, eff. April 1, 2009.Renumbered from Special District Local Laws Code, Section 9009.356 by Acts 2009, 81st Leg., R.S., Ch. 87 (S.B. 1969), Sec. 27.001(85), eff. September 1, 2009.
Texas Legal Code