Water Code § 58.392
The board may secure a loan by pledging up to 85% of uncollected levied district tax or by using authorized but unsold district bonds as collateral.
- Jurisdiction
- United States — Texas
- Instrument
- Code
- Version
- Undated source snapshot
- Language
- en
- Official source
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bond collateral collateral loan security tax pledge
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Water Code § 58.392
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