reglab/housing_qa huggingface dataset:
TX Water Code § 58.475 (2021)
2021 Texas Statutes|Water Code|Title 4 - General Law Districts|Chapter 58 - Irrigation Districts|Subchapter J. Issuance of Bonds|Section 58.475. Issuance of Bonds and Levy of Tax

Sec. 58.475.  ISSUANCE OF BONDS AND LEVY OF TAX.  (a)  After bonds other than preliminary bonds are voted, the board may authorize the issuance of the bonds in whole or in part as they are needed by the district.(b)  The board shall levy and annually assess and collect sufficient taxes to pay principal and interest on the bonds.(c)  The bonds may be approved by the attorney general and registered by the comptroller before the filing of the report of the Texas Water Rights Commission under Section 58.451 of this code.|Added by Acts 1977, 65th Leg., p. 1537, ch. 627, Sec. 1, eff. Aug. 29, 1977.|
TX Water Code § 58.476 (2021)
2021 Texas Statutes|Water Code|Title 4 - General Law Districts|Chapter 58 - Irrigation Districts|Subchapter J. Issuance of Bonds|Section 58.476. Deposit of Bonds to Secure Interim Bonds

Sec. 58.476.  DEPOSIT OF BONDS TO SECURE INTERIM BONDS.  (a)  As the interim bonds are issued and sold, the board, by order, shall deposit bonds of the district which have been validated by a court or approved by the attorney general and registered by the comptroller as provided in Section 58.447 of this code in the district depository.(b)  The bonds deposited shall be credited to the interest and sinking fund account created to pay the interim bonds.(c)  The principal amount of the bonds deposited shall total at least 110 percent of the principal sum of the series of interim bonds which the bonds are deposited to secure.(d)  The interest rate on the interim bonds may not be more than the interest rate on the bonds deposited to secure them.|Added by Acts 1977, 65th Leg., p. 1537, ch. 627, Sec. 1, eff. Aug. 29, 1977.|
TX Water Code § 58.477 (2021)
2021 Texas Statutes|Water Code|Title 4 - General Law Districts|Chapter 58 - Irrigation Districts|Subchapter J. Issuance of Bonds|Section 58.477. Procedure for Issuance and Sale of Interim Bonds

Sec. 58.477.  PROCEDURE FOR ISSUANCE AND SALE OF INTERIM BONDS.  (a)  Interim bonds shall be issued in the name of the district, signed by the president, and attested by the secretary, with the district seal attached to each bond.(b)  The interim bonds may be issued in the denominations determined by the board and shall be approved by the attorney general and registered by the comptroller in the same manner as provided in Section 58.447 of this code.(c)  The interim bonds may be sold in the same manner and on the same terms provided by law for the sale of other bonds of the district.(d)  If interim bonds are sold at less than par value and accrued interest, the improvement bonds issued by the district must be sold at an increase over the price authorized by law in an amount sufficient to equal the discount allowed on the interim bonds.|Added by Acts 1977, 65th Leg., p. 1537, ch. 627, Sec. 1, eff. Aug. 29, 1977.|
TX Water Code § 58.478 (2021)
2021 Texas Statutes|Water Code|Title 4 - General Law Districts|Chapter 58 - Irrigation Districts|Subchapter J. Issuance of Bonds|Section 58.478. Payment of Interim Bonds

Sec. 58.478.  PAYMENT OF INTERIM BONDS.  (a)  The board shall appropriate the tax levied to pay the bonds deposited to the credit of the interest and sinking fund to pay the interim bonds or as much of that tax as necessary to secure the loan evidenced by the interim bonds.(b)  The proceeds of the tax shall be devoted exclusively to the payment of the principal and interest on the interim bonds.(c)  None of the provisions of this subchapter relating to interim bonds shall be construed as prohibiting the sale of bonds deposited to the credit of the interest and sinking fund to pay interim bonds or of any other bonds of the district, but if any of these bonds are sold, the district depository shall apply the proceeds to the payment of principal and accrued interest on the interim bonds and the remainder to the purposes for which the bonds were authorized.(d)  If none of the bonds are sold at the time an installment on the principal and interest of interim bonds matures, the depository shall cancel the deposited bonds and attached interest coupons in an amount equal to the principal and interest of the interim bonds paid off and discharged.|Added by Acts 1977, 65th Leg., p. 1537, ch. 627, Sec. 1, eff. Aug. 29, 1977.|
TX Water Code § 58.479 (2021)
2021 Texas Statutes|Water Code|Title 4 - General Law Districts|Chapter 58 - Irrigation Districts|Subchapter J. Issuance of Bonds|Section 58.479. Redemption of Interim Bonds

Sec. 58.479.  REDEMPTION OF INTERIM BONDS.  (a)  At the option of the board, interim bonds may be redeemed at any time or times before maturity on payment by the district of the principal and accrued interest to the date fixed for redemption by the board.(b)  When interim bonds are called for redemption before maturity, the secretary shall give written notice of the redemption to the bank or banking house named as the place of payment in the bonds or to its successor or assign.(c)  In the notice, the secretary shall designate the bond or bonds called for redemption and payment and shall state the number or numbers of the bonds.(d)  The notice shall include the redemption date which shall not be more than 60 days after the date notice of call for payment is made.(e)  If any of the bonds which are called for redemption are not presented, they shall cease to bear interest from and after the date fixed for redemption.|Added by Acts 1977, 65th Leg., p. 1537, ch. 627, Sec. 1, eff. Aug. 29, 1977.|
TX Water Code § 58.480 (2021)
2021 Texas Statutes|Water Code|Title 4 - General Law Districts|Chapter 58 - Irrigation Districts|Subchapter J. Issuance of Bonds|Section 58.480. Alternate Methods for Paying Bonds

Sec. 58.480.  ALTERNATE METHODS FOR PAYING BONDS.  (a)  As used in this section and in Sections 58.481-58.484 of this code, "net revenue" means income or increment which may come from ownership and operation of the improvements which are encumbered less the proportion of the district's revenue income reasonably required to provide for administration, efficient operation, and adequate maintenance of the district's services and facilities which are encumbered.  Net revenue does not include money derived from taxation.(b)  A district which expects net revenue from operations may secure its bonds in any one of the following:(1)  as provided in Section 58.463 of this code;(2)  by entering into a contract to pledge the net revenue of the district and to mortgage and encumber part or all of the property and facilities, franchise, revenue, and income from operations, and everything acquired or to be acquired by the district;  or(3)  as provided in both Subdivisions (1) and (2) of this subsection.|Added by Acts 1977, 65th Leg., p. 1537, ch. 627, Sec. 1, eff. Aug. 29, 1977.|
TX Water Code § 58.481 (2021)
2021 Texas Statutes|Water Code|Title 4 - General Law Districts|Chapter 58 - Irrigation Districts|Subchapter J. Issuance of Bonds|Section 58.481. Taxes to Secure Certain Bonds

Sec. 58.481.  TAXES TO SECURE CERTAIN BONDS.  (a)  If bonds are secured as provided in Section 58.480(b)(3) of this code, at the time that net revenue together with money derived from taxes accumulates a surplus in the sinking fund equal to the amount required in the succeeding year to liquidate the interest and principal on the district's bonds maturing in that year, the district's annual tax levies may be lowered to produce not less than 25 percent of the bond maturities for the succeeding year.(b)  If three successive years demonstrate that this net revenue is adequate to protect the district's bonds as they mature, the district's tax may be discontinued until further experience demonstrates the necessity to continue the tax to avoid default in the payment of the district's bonds as they mature.|Added by Acts 1977, 65th Leg., p. 1537, ch. 627, Sec. 1, eff. Aug. 29, 1977.|
TX Water Code § 58.482 (2021)
2021 Texas Statutes|Water Code|Title 4 - General Law Districts|Chapter 58 - Irrigation Districts|Subchapter J. Issuance of Bonds|Section 58.482. Election

Sec. 58.482.  ELECTION.  (a)  If the district proposes to issue bonds which will be secured under either Section 58.480(b)(2) or 58.480(b)(3) of this code, the proposition shall be presented at an election held under Section 58.443 of this code.(b)  The ballots for the election shall be printed to provide for voting for or against one of the following propositions:(1)  "The issuance of bonds and the pledge of net revenue for the payment of the bonds.";(2)  "The issuance of bonds, the pledge of net revenue, and the creation of a lien on physical property to secure payment of the bonds.";  or(3)  "The issuance of bonds, the pledge of net revenue, and the levy of adequate taxes to pay the bonds."|Added by Acts 1977, 65th Leg., p. 1537, ch. 627, Sec. 1, eff. Aug. 29, 1977.|
TX Water Code § 58.483 (2021)
2021 Texas Statutes|Water Code|Title 4 - General Law Districts|Chapter 58 - Irrigation Districts|Subchapter J. Issuance of Bonds|Section 58.483. Hearing and Election on Certain Bonds

Sec. 58.483.  HEARING AND ELECTION ON CERTAIN BONDS.  (a)  A district which plans to issue bonds payable from and secured by a pledge of net revenue and a lien on the physical property, either or both, without the levy of taxes, is not required to hold a hearing to exclude land or adopt a plan of taxation.(b)  The proposition for issuance of bonds may be submitted at the election held to confirm the creation of the district or at an election called by the board.|Added by Acts 1977, 65th Leg., p. 1537, ch. 627, Sec. 1, eff. Aug. 29, 1977.|
TX Water Code § 58.484 (2021)
2021 Texas Statutes|Water Code|Title 4 - General Law Districts|Chapter 58 - Irrigation Districts|Subchapter J. Issuance of Bonds|Section 58.484. Hearing Before Issuing Certain Bonds

Sec. 58.484.  HEARING BEFORE ISSUING CERTAIN BONDS.  If a district issues its original bonds under Section 58.480(b)(2) of this code and later desires to issue bonds payable in whole or in part from taxes or to levy a tax for maintenance purposes, the district shall hold a hearing to exclude land, and at the time provided by law, shall hold another hearing to adopt a plan of taxation.  These hearings shall be held before an election is called to approve the issuance of tax-supported bonds or the levy of a maintenance tax.|Added by Acts 1977, 65th Leg., p. 1537, ch. 627, Sec. 1, eff. Aug. 29, 1977.|
TX Water Code § 58.501 (2021)
2021 Texas Statutes|Water Code|Title 4 - General Law Districts|Chapter 58 - Irrigation Districts|Subchapter K. Tax Plan|Section 58.501. Tax to Pay Preliminary Bonds

Sec. 58.501.  TAX TO PAY PRELIMINARY BONDS.  Taxes to pay principal and interest on preliminary bonds shall be levied and collected on the ad valorem basis.|Added by Acts 1977, 65th Leg., p. 1537, ch. 627, Sec. 1, eff. Aug. 29, 1977.|
TX Water Code § 58.502 (2021)
2021 Texas Statutes|Water Code|Title 4 - General Law Districts|Chapter 58 - Irrigation Districts|Subchapter K. Tax Plan|Section 58.502. Hearing to Determine Basis of Taxation

Sec. 58.502.  HEARING TO DETERMINE BASIS OF TAXATION.  After the board adopts plans for construction of a plant and improvements to accomplish the purposes of the district and after an election is held to authorize the issuance of construction bonds and the levy of a tax to pay for the bonds, the board shall hold a public hearing to determine whether the taxes to pay the construction bonds and maintenance, operation, and administrative costs of the district shall be levied, assessed, and collected on:(1)  the ad valorem basis;(2)  the basis of assessment of specific benefits;(3)  the basis of assessment of benefits on an equal sum per acre;  or(4)  the ad valorem basis for part of the total tax or defined area or property and on the benefit basis for the other part of the tax or defined area or property.|Added by Acts 1977, 65th Leg., p. 1537, ch. 627, Sec. 1, eff. Aug. 29, 1977.|
TX Water Code § 58.503 (2021)
2021 Texas Statutes|Water Code|Title 4 - General Law Districts|Chapter 58 - Irrigation Districts|Subchapter K. Tax Plan|Section 58.503. Notice of Hearing

Sec. 58.503.  NOTICE OF HEARING.  Notice of the time and place of the hearing and the proposition to be determined shall be published once a week for two consecutive weeks in one or more newspapers with general circulation in the district.  The first publication shall be made not less than 10 days before the day of the hearing set in the notice.|Added by Acts 1977, 65th Leg., p. 1537, ch. 627, Sec. 1, eff. Aug. 29, 1977.|
TX Water Code § 58.504 (2021)
2021 Texas Statutes|Water Code|Title 4 - General Law Districts|Chapter 58 - Irrigation Districts|Subchapter K. Tax Plan|Section 58.504. Conduct of Hearing

Sec. 58.504.  CONDUCT OF HEARING.  (a)  At the hearing, any person who is a taxpayer in the district may appear and offer testimony to show which plan of taxation will be most conducive to equitable distribution of taxes.(b)  The hearing may be adjourned from day to day until all persons wishing to testify have been heard.|Added by Acts 1977, 65th Leg., p. 1537, ch. 627, Sec. 1, eff. Aug. 29, 1977.|
TX Water Code § 58.505 (2021)
2021 Texas Statutes|Water Code|Title 4 - General Law Districts|Chapter 58 - Irrigation Districts|Subchapter K. Tax Plan|Section 58.505. Order

Sec. 58.505.  ORDER.  (a)  The board shall adopt the plan of taxation which will, in its judgment under the evidence, be most conducive to the equitable distribution of the district's tax.(b)  If the plan adopted by the board is made under the provisions of Section 58.512 of this code, the order shall specify the proportion of the tax which falls under each designated classification.(c)  The order of the board is final and cannot be reviewed or questioned in any court except on the ground of fraud or palpable and arbitrary abuse of discretion.|Added by Acts 1977, 65th Leg., p. 1537, ch. 627, Sec. 1, eff. Aug. 29, 1977.|
TX Water Code § 58.506 (2021)
2021 Texas Statutes|Water Code|Title 4 - General Law Districts|Chapter 58 - Irrigation Districts|Subchapter K. Tax Plan|Section 58.506. Changing Tax Plan

Sec. 58.506.  CHANGING TAX PLAN.  If after a tax plan is adopted the directors find that the best interest of the district and the necessity to maintain adequately and equitably the district's tax requires a change in the tax plan, the board may give notice, hold a hearing, and determine a new plan in the manner provided in Sections 58.502-58.505 of this code.|Added by Acts 1977, 65th Leg., p. 1537, ch. 627, Sec. 1, eff. Aug. 29, 1977.|
TX Water Code § 58.507 (2021)
2021 Texas Statutes|Water Code|Title 4 - General Law Districts|Chapter 58 - Irrigation Districts|Subchapter K. Tax Plan|Section 58.507. Effect of Sections 58

Sec. 58.507.  EFFECT OF SECTIONS 58.501-58.506 OF THIS CODE.  Nothing in Sections 58.501-58.506 of this code shall be held to alter provisions of this chapter relating to districts which have contracts with the United States or to alter or impair the provisions of this code relating to taxes levied to provide local improvements to a defined area which do not affect the entire district.|Added by Acts 1977, 65th Leg., p. 1537, ch. 627, Sec. 1, eff. Aug. 29, 1977.|
TX Water Code § 58.508 (2021)
2021 Texas Statutes|Water Code|Title 4 - General Law Districts|Chapter 58 - Irrigation Districts|Subchapter K. Tax Plan|Section 58.508. Unlimited Authority to Collect Service Charges and Taxes

Sec. 58.508.  UNLIMITED AUTHORITY TO COLLECT SERVICE CHARGES AND TAXES.  The provisions of this subchapter do not alter or impair the right of a district:(1)  to make, establish, and collect maintenance and operation charges for service rendered;(2)  to levy and collect taxes to secure funds to maintain, repair, and operate all works and facilities;  and(3)  to give and maintain proper service for the purposes of its organization.|Added by Acts 1977, 65th Leg., p. 1537, ch. 627, Sec. 1, eff. Aug. 29, 1977.|
TX Water Code § 58.509 (2021)
2021 Texas Statutes|Water Code|Title 4 - General Law Districts|Chapter 58 - Irrigation Districts|Subchapter K. Tax Plan|Section 58.509. Lien Created; No Limitation

Sec. 58.509.  LIEN CREATED;  NO LIMITATION.  Charges or assessments imposed by a district for maintenance and operation of works, facilities, and services of the district shall constitute a lien against the land to which the charges or assessments have been established.  No law providing limitation against actions for debt shall apply.|Added by Acts 1977, 65th Leg., p. 1537, ch. 627, Sec. 1, eff. Aug. 29, 1977.  Amended by Acts 1979, 66th Leg., p. 2321, ch. 841, Sec. 4(r), eff. Jan. 1, 1982.|
TX Water Code § 58.510 (2021)
2021 Texas Statutes|Water Code|Title 4 - General Law Districts|Chapter 58 - Irrigation Districts|Subchapter K. Tax Plan|Section 58.510. Purpose of Sections 58

Sec. 58.510.  PURPOSE OF SECTIONS 58.511-58.529 OF CODE.  The purpose of Sections 58.511-58.529 of this code is to give a district the flexibility of taxing power which will permit and cause the tax of the district to be equitably distributed and which will give the highest practicable degree of service under the peculiar physical and economic conditions of the district.  To this end, these sections shall be liberally and sympathetically construed.|Added by Acts 1977, 65th Leg., p. 1537, ch. 627, Sec. 1, eff. Aug. 29, 1977.|
TX Water Code § 58.511 (2021)
2021 Texas Statutes|Water Code|Title 4 - General Law Districts|Chapter 58 - Irrigation Districts|Subchapter K. Tax Plan|Section 58.511. Authority to Adopt Alternative Plans of Taxation

Sec. 58.511.  AUTHORITY TO ADOPT ALTERNATIVE PLANS OF TAXATION.  A district operating under the provisions of Article XVI, Section 59, of the Texas Constitution, shall adopt a tax plan under the alternative provisions of Sections 58.512-58.529 of this code either at the time of its creation or before the appointment of commissioners of appraisement under this chapter.|Added by Acts 1977, 65th Leg., p. 1537, ch. 627, Sec. 1, eff. Aug. 29, 1977.|
TX Water Code § 58.512 (2021)
2021 Texas Statutes|Water Code|Title 4 - General Law Districts|Chapter 58 - Irrigation Districts|Subchapter K. Tax Plan|Section 58.512. Alternative Plans of Taxation

Sec. 58.512.  ALTERNATIVE PLANS OF TAXATION.  (a)  The district's taxes for all purposes, except to pay the cost of preliminary surveys, may be levied, assessed, and collected on an adopted basis to be chosen from the alternatives provided in this section.(b)  The district's tax plan may be based on any one of the following:(1)  ad valorem basis;(2)  benefit basis;(3)  ad valorem basis to obtain a part or percentage of the total tax or to apply to a specific part of the district and benefit basis applied to the other part of percentage of the tax or to the remaining part of the district;  or(4)  either ad valorem or benefit basis on designated property or defined areas of the district to pay for improvements, facilities, or service peculiar to the defined part of the district and not generally and directly benefiting the district as a whole.|Added by Acts 1977, 65th Leg., p. 1537, ch. 627, Sec. 1, eff. Aug. 29, 1977.|
TX Water Code § 58.513 (2021)
2021 Texas Statutes|Water Code|Title 4 - General Law Districts|Chapter 58 - Irrigation Districts|Subchapter K. Tax Plan|Section 58.513. Adoption of Plan of Taxation

Sec. 58.513.  ADOPTION OF PLAN OF TAXATION.  (a)  Except as provided in Section 58.512(b)(4) of this code, before the commission of appraisement is appointed and the construction bonds are sold, the board shall adopt a proposed plan of taxation as provided in Sections 58.502-58.505 of this code.(b)  If the tax plan is not based wholly on the ad valorem basis or on the benefit basis, the order adopting the proposed plan shall specify the portion of the tax to be based on the ad valorem basis and the portion to be based on the benefit basis.  The board also shall state the physical and economic reasons, the peculiar diverse local needs, or the comparative potential benefits of different areas of designated property in the district which make it necessary or equitable to levy all or part of the tax on a defined part of the district on the ad valorem or benefit basis.|Added by Acts 1977, 65th Leg., p. 1537, ch. 627, Sec. 1, eff. Aug. 29, 1977.|
TX Water Code § 58.514 (2021)
2021 Texas Statutes|Water Code|Title 4 - General Law Districts|Chapter 58 - Irrigation Districts|Subchapter K. Tax Plan|Section 58.514. Notice of Adoption of Plan and Hearing

Sec. 58.514.  NOTICE OF ADOPTION OF PLAN AND HEARING.  (a)  After the tax plan is adopted, the board shall publish notice once a week for two consecutive weeks in one or more newspapers with general circulation in the county or counties in which the district is located.(b)  The notice shall state:(1)  that the tax plan has been adopted;(2)  that the plan is available for public inspection in the district's office;(3)  that a hearing on the plan will be held by the board at a specified place and at a particular time, which shall not be less than 15 days nor more than 20 days after the first publication of notice;  and(4)  that all interested persons may appear and support or oppose all or part of the proposed tax plan and offer testimony.|Added by Acts 1977, 65th Leg., p. 1537, ch. 627, Sec. 1, eff. Aug. 29, 1977.|
TX Water Code § 58.515 (2021)
2021 Texas Statutes|Water Code|Title 4 - General Law Districts|Chapter 58 - Irrigation Districts|Subchapter K. Tax Plan|Section 58.515. Order Adopting Tax Plan

Sec. 58.515.  ORDER ADOPTING TAX PLAN.  (a)  After all persons have been heard, the board may approve the proposed tax plan or may change or modify the plan.(b)  The board shall adopt a tax plan which it considers, under the evidence before it, most equitably distributes the tax burden and conserves the public welfare.(c)  The board shall enter its order establishing the tax plan, and the plan shall become the basis for the assessment and collection of taxes until the district adopts a different plan.(d)  The order is not subject to judicial review except on the ground of fraud, palpable error, or arbitrary and confiscatory abuse of discretion.(e)  A new plan may be adopted if required to preserve equity of distribution in the manner provided for adopting the original plan;  however, no change may be made in the tax plan which will impair the ability of the district promptly to meet all outstanding obligations of the district within the intent of Sections 58.464 and 58.467 of this code.|Added by Acts 1977, 65th Leg., p. 1537, ch. 627, Sec. 1, eff. Aug. 29, 1977.|
TX Water Code § 58.516 (2021)
2021 Texas Statutes|Water Code|Title 4 - General Law Districts|Chapter 58 - Irrigation Districts|Subchapter K. Tax Plan|Section 58.516. Obtaining Funds to Construct, Administer, Maintain, and Operate Improvements and Facilities in Defined Part of District

Sec. 58.516.  OBTAINING FUNDS TO CONSTRUCT, ADMINISTER, MAINTAIN, AND OPERATE IMPROVEMENTS AND FACILITIES IN DEFINED PART OF DISTRICT.  On adoption of the plan of taxation provided in Section 58.512(b)(4) of this code, the district, in the manner provided in Sections 58.517-58.523 of this code, may provide, pay for, maintain, and operate improvements, service, or facilities peculiar to a designated area or defined property which do not affect the whole district.|Added by Acts 1977, 65th Leg., p. 1537, ch. 627, Sec. 1, eff. Aug. 29, 1977.|