reglab/housing_qa huggingface dataset:
TX Govt Code § 1471.028 (2021)
2021 Texas Statutes|Government Code|Title 9 - Public Securities|Subtitle I - Specific Authority for Counties to Issue Securities|Chapter 1471 - Bonds for County Roads|Subchapter B. Issuance of Bonds|Section 1471.028. Use of Surplus Sinking Fund

Sec. 1471.028.  USE OF SURPLUS SINKING FUND.  An amount remaining in the sinking fund after the principal of and interest on the bonds are fully paid may be used by a political subdivision:(1)  for the construction, maintenance, and operation of macadamized, graveled, or paved roads or turnpikes;(2)  to aid a purpose described by Subdivision (1);  or(3)  for a permanent improvement authorized by law as determined by the officials of the political subdivision.|Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.|
TX Govt Code § 1471.029 (2021)
2021 Texas Statutes|Government Code|Title 9 - Public Securities|Subtitle I - Specific Authority for Counties to Issue Securities|Chapter 1471 - Bonds for County Roads|Subchapter B. Issuance of Bonds|Section 1471.029. Election for Repurchase and Cancellation of Bonds

Sec. 1471.029.  ELECTION FOR REPURCHASE AND CANCELLATION OF BONDS.  (a)  On receipt of a petition signed by at least 50 registered voters of the political subdivision issuing the bonds, the commissioners court shall order an election to determine whether road bonds in an amount equal to the unexpended and unpledged proceeds remaining from the sale of bonds issued under this chapter shall be repurchased, canceled, and revoked.(b)  The commissioners court shall hold an election ordered under Subsection (a) in the same manner as the election at which the bonds were originally authorized.(c)  The commissioners court may advertise for and repurchase the outstanding bonds from the holders if two-thirds of the voters voting in the election approve the repurchase, cancellation, and revocation.(d)  After repurchasing the bonds, the commissioners court shall:(1)  cancel and burn the bonds;  and(2)  forward to the comptroller a certified copy of the minutes of the commissioners court showing the repurchase, cancellation, and destruction of the bonds.(e)  On receipt of a copy under Subsection (d)(2), the comptroller shall promptly cancel the registration of the bonds.|Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.|
TX Govt Code § 1471.051 (2021)
2021 Texas Statutes|Government Code|Title 9 - Public Securities|Subtitle I - Specific Authority for Counties to Issue Securities|Chapter 1471 - Bonds for County Roads|Subchapter C. Refinancing Road District Bonds Through Assessments|Section 1471.051. Alternate Refunding Bonds and Certificates of Assessment Authorized

Sec. 1471.051.  ALTERNATE REFUNDING BONDS AND CERTIFICATES OF ASSESSMENT AUTHORIZED.  A road district may issue refunding bonds or certificates of assessment under this subchapter to refinance any portion of any outstanding bonded indebtedness if:(1)  the district receives a petition that:(A)  requests the issuance of the bonds or certificates;  and(B)  is signed by persons who own taxable real property in the district that in total is valued at an amount at least equal to 66 percent of the appraised value of all taxable real property in the district, as determined by the most recent certified appraisal roll of the appraisal district in which the property is located;  and(2)  the district determines, after notice and public hearing held in accordance with this subchapter, that the property in the district will benefit from the refinancing.|Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.|
TX Govt Code § 1471.052 (2021)
2021 Texas Statutes|Government Code|Title 9 - Public Securities|Subtitle I - Specific Authority for Counties to Issue Securities|Chapter 1471 - Bonds for County Roads|Subchapter C. Refinancing Road District Bonds Through Assessments|Section 1471.052. Assessment as Security

Sec. 1471.052.  ASSESSMENT AS SECURITY.  Bonds or certificates issued under this subchapter must be secured by a pledge of all or part of the money received by the road district from an assessment made against all taxable real property in the district under this subchapter.|Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.|
TX Govt Code § 1471.053 (2021)
2021 Texas Statutes|Government Code|Title 9 - Public Securities|Subtitle I - Specific Authority for Counties to Issue Securities|Chapter 1471 - Bonds for County Roads|Subchapter C. Refinancing Road District Bonds Through Assessments|Section 1471.053. Maturity

Sec. 1471.053.  MATURITY.  A bond or certificate issued under this subchapter must mature not later than 30 years after its date of issuance.|Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.|
TX Govt Code § 1471.054 (2021)
2021 Texas Statutes|Government Code|Title 9 - Public Securities|Subtitle I - Specific Authority for Counties to Issue Securities|Chapter 1471 - Bonds for County Roads|Subchapter C. Refinancing Road District Bonds Through Assessments|Section 1471.054. Preparation of Assessment

Sec. 1471.054.  PREPARATION OF ASSESSMENT.  Before issuing bonds or certificates under this subchapter, the road district by order shall:(1)  determine, as appropriate, the amount necessary to pay all or a part of the principal of and interest on:(A)  the refunding bonds on maturity;  or(B)  the outstanding bonded indebtedness of the district;(2)  prepare a plan the district determines is equitable for apportioning the amount determined under Subdivision (1) among the record owners of real property in the district based on the ratio that the appraised value of each lot or parcel in the district bears to the total appraised value of real property in the district;  and(3)  hold a public hearing on the district's intention to issue bonds or certificates.|Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.|
TX Govt Code § 1471.055 (2021)
2021 Texas Statutes|Government Code|Title 9 - Public Securities|Subtitle I - Specific Authority for Counties to Issue Securities|Chapter 1471 - Bonds for County Roads|Subchapter C. Refinancing Road District Bonds Through Assessments|Section 1471.055. Notice of Hearing

Sec. 1471.055.  NOTICE OF HEARING.  (a)  Notice of the hearing ordered under Section 1471.054 must provide:(1)  the date, time, place, and subject matter of the hearing;(2)  that refunding bonds or certificates of assessment are proposed to be issued by the road district;(3)  the purpose for which the bonds or certificates are to be issued;(4)  the amount determined under Section 1471.054(1);  and(5)  the plan prepared by the district under Section 1471.054(2).(b)  Notice containing the information required by Subsection (a) must be published in a newspaper of general circulation in the county not later than the 30th day before the date of the hearing.(c)  Not later than the 14th day before the date of the hearing, the district shall mail to each owner of real property in the district as determined from the most recent certified appraisal roll of the appraisal district in which the property is located notice containing:(1)  the information required by Subsection (a)(1);  and(2)  an estimate of the amount of the assessment to be apportioned to that owner's property.(d)  The failure of a property owner to receive notice of the hearing and of the estimated assessment does not affect the validity of the hearing or a subsequent assessment.|Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.|
TX Govt Code § 1471.056 (2021)
2021 Texas Statutes|Government Code|Title 9 - Public Securities|Subtitle I - Specific Authority for Counties to Issue Securities|Chapter 1471 - Bonds for County Roads|Subchapter C. Refinancing Road District Bonds Through Assessments|Section 1471.056. Imposition of Assessment

Sec. 1471.056.  IMPOSITION OF ASSESSMENT.  (a)  If, at the conclusion of the hearing, the road district by order determines that the property in the district will benefit from refinancing under this subchapter, the district may:(1)  issue refunding bonds or certificates of assessment to pay all or part of the district's bonded indebtedness;  and(2)  impose the assessments as special assessments on the property in the district.(b)  For assessments imposed under Subsection (a), the district:(1)  shall specify the method of payment and rate of interest of the assessments;  and(2)  may provide for payment in periodic installments in amounts necessary to pay the principal of and interest on the refunding bonds or certificates of assessment as accrued.|Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.|
TX Govt Code § 1471.057 (2021)
2021 Texas Statutes|Government Code|Title 9 - Public Securities|Subtitle I - Specific Authority for Counties to Issue Securities|Chapter 1471 - Bonds for County Roads|Subchapter C. Refinancing Road District Bonds Through Assessments|Section 1471.057. Appeal of Assessment

Sec. 1471.057.  APPEAL OF ASSESSMENT.  (a)  A property owner may appeal an assessment under this subchapter by filing a notice of appeal with the road district not later than the 30th day after the date the assessment is adopted.  After receiving notice of appeal under this subsection, the district shall set a date to hear the appeal.(b)  A property owner may appeal a district's decision on an assessment made under this subchapter to a court by filing notice of the appeal with the court not later than the 30th day after the date of the district's final decision on the assessment.(c)  A property owner who fails to file notice in the time required by Subsection (a) or (b) loses the right to appeal the assessment.|Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.|
TX Govt Code § 1471.058 (2021)
2021 Texas Statutes|Government Code|Title 9 - Public Securities|Subtitle I - Specific Authority for Counties to Issue Securities|Chapter 1471 - Bonds for County Roads|Subchapter C. Refinancing Road District Bonds Through Assessments|Section 1471.058. Reassessment

Sec. 1471.058.  REASSESSMENT.  (a)  A road district may make a new assessment of property assessed under this subchapter if an assessment of the property is:(1)  set aside by a court;(2)  found excessive by the district;  or(3)  determined invalid by the district.(b)  A district may reassess property if:(1)  at the time the bonds or certificates are issued under this subchapter, the property is exempt from taxation under Subchapter B, Chapter 11, Tax Code,  or appraised under Subchapter C,  D,  or E,  Chapter 23, Tax Code;  and(2)  the property subsequently loses its exemption or is not eligible for appraisal under Subchapter C, D, or E, Chapter 23, Tax Code.(c)  A district may make a supplemental assessment to correct an omission or mistake in an assessment.(d)  Before making an assessment under Subsection (b) or (c), a district must give notice and conduct a hearing in the manner required for an original assessment.|Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.|
TX Govt Code § 1471.059 (2021)
2021 Texas Statutes|Government Code|Title 9 - Public Securities|Subtitle I - Specific Authority for Counties to Issue Securities|Chapter 1471 - Bonds for County Roads|Subchapter C. Refinancing Road District Bonds Through Assessments|Section 1471.059. Adjustment of Values Following Reassessment

Sec. 1471.059.  ADJUSTMENT OF VALUES FOLLOWING REASSESSMENT.  (a)  In making a reassessment under Section 1471.058(b), the road district shall assess the property using the property's market value for the year preceding the year in which the bonds or certificates are issued.(b)  The district shall proportionately reduce the assessment of the other property in the district to reflect the value of the reassessed property.  The district shall refund to a property owner the difference between the amount of the original assessment and a new assessment under this subsection if the property owner has paid the entire amount of the original assessment.|Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.|
TX Govt Code § 1471.060 (2021)
2021 Texas Statutes|Government Code|Title 9 - Public Securities|Subtitle I - Specific Authority for Counties to Issue Securities|Chapter 1471 - Bonds for County Roads|Subchapter C. Refinancing Road District Bonds Through Assessments|Section 1471.060. Lien for Unpaid Assessment

Sec. 1471.060.  LIEN FOR UNPAID ASSESSMENT.  (a)  An assessment under this subchapter, any interest, and any expenses of collection or reasonable attorney's fees incurred are a lien against the assessed property until paid.(b)  A lien under Subsection (a):(1)  is superior to any other lien except an ad valorem tax lien;  and(2)  is effective from the date the assessment is imposed until the date the total amount of the assessment for the property is paid.(c)  A road district may enforce a lien under Subsection (a) in the same manner as the commissioners court enforces an ad valorem tax lien.(d)  The owner of assessed property is personally liable for the payment of an assessment under this subchapter and may pay at any time the entire amount of the assessment and accrued interest on any lot or parcel.  Liability for an assessment passes with the property on a transfer of ownership.(e)  A lien for a supplemental assessment or reassessment is effective even if the property has been released from a prior lien under this subchapter.|Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.|
TX Govt Code § 1471.061 (2021)
2021 Texas Statutes|Government Code|Title 9 - Public Securities|Subtitle I - Specific Authority for Counties to Issue Securities|Chapter 1471 - Bonds for County Roads|Subchapter C. Refinancing Road District Bonds Through Assessments|Section 1471.061. Issuance and Form of Certificates

Sec. 1471.061.  ISSUANCE AND FORM OF CERTIFICATES.  (a)  A road district may issue and transfer, on terms determined by the district, a certificate of assessment for each assessed lot or parcel.  A certificate of assessment may be issued under Chapter 1207 as if it were a bond.  On making a supplemental assessment or reassessment, the district shall provide a certificate of assessment reflecting any change in the value of the original assessment.(b)  A certificate must state:(1)  the amount of the lien on the assessed property;(2)  the liability of the property owner for the lien;(3)  the terms of transfer of the certificate;(4)  that the assessment was imposed and the certificate was issued under this subchapter;  and(5)  that the certificate is not an obligation of or secured by a pledge of the faith or credit of a county in which the district is located.(c)  A certificate is prima facie evidence of all the matters shown on the certificate.(d)  A holder of the certificate may enforce the assessment in the same manner as the district may enforce assessments made under this subchapter.|Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.|
TX Govt Code § 1471.062 (2021)
2021 Texas Statutes|Government Code|Title 9 - Public Securities|Subtitle I - Specific Authority for Counties to Issue Securities|Chapter 1471 - Bonds for County Roads|Subchapter C. Refinancing Road District Bonds Through Assessments|Section 1471.062. Assessments Considered Taxes

Sec. 1471.062.  ASSESSMENTS CONSIDERED TAXES.  For purposes of a title insurance policy issued under Title 11, Insurance Code, an assessment under this subchapter and any interest on or expenses or attorney's fees related to the assessment are considered taxes.|Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.Amended by: Acts 2005, 79th Leg., Ch. 728 (H.B. 2018), Sec. 11.121, eff. September 1, 2005.|
TX Govt Code § 1471.081 (2021)
2021 Texas Statutes|Government Code|Title 9 - Public Securities|Subtitle I - Specific Authority for Counties to Issue Securities|Chapter 1471 - Bonds for County Roads|Subchapter D. Compensation Bonds|Section 1471.081. Election Authorized

Sec. 1471.081.  ELECTION AUTHORIZED.  (a)  On receipt of a petition signed by 250 registered voters residing anywhere in the county, the commissioners court shall order an election in the county to determine whether bonds of the county shall be issued to fully compensate a commissioners or justice precinct or a road district for bonds authorized to be issued under a general or special law adopted under Section 52, Article III, Texas Constitution.(b)  At the election, the ballot proposition must include:(1)  the purpose for which the bonds are to be issued;  and(2)  the question as to whether a tax shall be imposed on the taxable property in the county to pay the interest on the bonds and to provide a sinking fund for the redemption of the bonds.(c)  If the bonds of the precinct or district have been authorized but not issued and sold or if the bonds have been sold but the proceeds have not been spent, the ballot proposition must state:  "The issuance of county bonds for the construction of district roads and the further construction, maintenance, and operation of macadamized, graveled, or paved roads and turnpikes, or in aid of these purposes, throughout the county."(d)  If the bonds of the precinct or district have been issued and the proceeds have been applied to the construction of roads in the precinct or district, the ballot proposition must state:  "The issuance of county bonds for the purchase of district roads and the further construction, maintenance, and operation of macadamized, graveled, or paved roads and turnpikes, or in aid of these purposes, throughout the county."|Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.|
TX Govt Code § 1471.082 (2021)
2021 Texas Statutes|Government Code|Title 9 - Public Securities|Subtitle I - Specific Authority for Counties to Issue Securities|Chapter 1471 - Bonds for County Roads|Subchapter D. Compensation Bonds|Section 1471.082. Issuance of County Bonds

Sec. 1471.082.  ISSUANCE OF COUNTY BONDS.  (a)  If the proposition to issue county bonds receives the required favorable vote, the county shall issue the bonds in the amount stated in the election order, but not in an amount that exceeds a limitation imposed by the constitution or a statute.(b)  After the county issues the bonds, the commissioners court shall set aside the amount necessary to fully compensate the commissioners or justice precinct or road district for the purpose for which the bonds were issued.(c)  If the bonds are approved for the purpose described by Section 1471.081(c) and the precinct or district bonds have not been issued and sold, the commissioners court shall:(1)  apply the proceeds of the county bonds to the construction, maintenance, and operation of the roads in the precinct or district as contemplated by the election approving the precinct or district bonds;  and(2)  immediately cancel and destroy the unsold precinct or district bonds.(d)  If the bonds are approved for the purpose described by Section 1471.081(d), the roads of the precinct or district may become a part of the county road system.|Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.|
TX Govt Code § 1471.083 (2021)
2021 Texas Statutes|Government Code|Title 9 - Public Securities|Subtitle I - Specific Authority for Counties to Issue Securities|Chapter 1471 - Bonds for County Roads|Subchapter D. Compensation Bonds|Section 1471.083. Exchange of Bonds

Sec. 1471.083.  EXCHANGE OF BONDS.  (a)  If county bonds are authorized for commissioners or justice precinct or road district bonds that have been issued and sold, an exchange of a like amount of the county bonds may be made with the holder of any outstanding bonds of the precinct or district.(b)  An agreement for an exchange under this section must:(1)  be by order of the commissioners court authorizing the exchange;  and(2)  contain the signed and acknowledged written consent of the holder of the bonds in the form required by law for written instruments.(c)  A copy of the order authorizing the exchange, the agreement, and the county bonds to be given in exchange shall be submitted to the attorney general for approval.  The exchange is not effective until the attorney general issues a certificate approving the exchange.(d)  If the exchange takes effect under this section:(1)  the commissioners court shall cancel and destroy the bonds of the precinct or district;(2)  the county may not impose the tax approved at the election of the precinct or district authorizing the bonds;  and(3)  the sinking fund associated with the bonds of the precinct or district shall be transferred to the sinking fund account of the county.|Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.|
TX Govt Code § 1471.084 (2021)
2021 Texas Statutes|Government Code|Title 9 - Public Securities|Subtitle I - Specific Authority for Counties to Issue Securities|Chapter 1471 - Bonds for County Roads|Subchapter D. Compensation Bonds|Section 1471.084. Deposit of County Bonds as Guarantee

Sec. 1471.084.  DEPOSIT OF COUNTY BONDS AS GUARANTEE.  (a)  If the commissioners court determines that an exchange cannot be made under Section 1471.083, the court as soon as practicable shall deposit with the county treasurer to the credit of the interest and sinking fund account of the commissioners or justice precinct or road district an amount of county bonds equal to the amount of outstanding bonds of the precinct or district.(b)  Before depositing the county bonds under Subsection (a), the commissioners court shall submit to the attorney general a copy of the order authorizing the deposit and the county bonds to be deposited.  The county bonds may be deposited only if the attorney general issues a certificate of approval.(c)  To be deposited under this section, county bonds must:(1)  have the word "nonnegotiable" written across the face of the bond;  and(2)  state that the bonds are deposited to the credit of the interest and sinking fund account of the precinct or district named in the bonds as a guarantee of the payment of the outstanding bonds of the precinct or district that have not been exchanged.(d)  Coupons attached to county bonds to be deposited must have the word "nonnegotiable" written on the coupons.(e)  After deposit of the county bonds:(1)  the sinking fund associated with the bonds of the precinct or district shall be transferred to the sinking fund account of the county;  and(2)  the commissioners court may not impose the tax approved at the election of the precinct or district authorizing the bonds.(f)  The commissioners court shall pay annually the interest on the county bonds deposited under this section from taxes imposed to pay interest on the county bonds and detach the coupon used for payment.  The payment shall be credited to the interest account of the precinct or district, and the court shall use that money to pay the interest on the outstanding bonds of the precinct or district.(g)  From the taxes imposed to provide the sinking fund for the county bonds, the commissioners court shall set aside annually in the sinking fund the amount necessary for the retirement of the county bonds.  On maturity of the county bonds, the court shall pay the bonds in full.  The payment shall be credited to the sinking fund of the precinct or district, and the court shall use that money to pay in full all outstanding bonds of the precinct or district.|Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.|