Tex. Water Code § 55.452

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
Section 55.452 - Adopting Method for Payment of Debts
(a) When a district incurs a debt or obligation, it shall provide for payment of the debt or obligation by levying, assessing, and collecting either a general ad valorem tax or a tax on a benefit basis.
(b) Any district which has previously issued bonds or obligations payable on either basis may adopt a different basis of taxation in the creation of an additional debt or obligation.
(c) Each debt or obligation shall be paid in the manner provided at the time it was incurred.

Tex. Water Code § 55.452

Acts 1971, 62nd Leg., p. 462, ch. 58, Sec. 1, eff. 8/30/1971.