Water Code › Title 4 › Chapter 58 › Subchapter I

Texas Water Code § 58.394

Loan Secured by Bonds

Irrigation Districts · Borrowing Money

The amount of the loan may not be more than 25 percent of the district's unsold bonds and the par value of the bonds may not be more than 10 percent of the amount of the loan.

Official text of the Texas Water Code as published by the Texas Legislative Council.

Official source
Legislative history

Added by Acts 1977, 65th Leg., p. 1537, ch. 627, Sec. 1, eff. Aug. 29, 1977.