reglab/housing_qa huggingface dataset:
TX Water Code § 54.510 (2021)
2021 Texas Statutes|Water Code|Title 4 - General Law Districts|Chapter 54 - Municipal Utility Districts|Subchapter F. Issuance of Bonds|Section 54.510. Provisions of Bonds

Sec. 54.510.  PROVISIONS OF BONDS.  (a)  In the orders or resolutions authorizing the issuance of bonds, including refunding bonds, the board may provide for the flow of funds, the establishment and maintenance of the interest and sinking fund, the reserve fund, and other funds, and may make additional covenants with respect to the bonds and the pledged revenues and the operation and maintenance of those works, improvements, plants, facilities, equipment, and appliances the revenue of which is pledged, including provisions for the operation or for the leasing of all or any part of the improvements and the use or pledge of money derived from the operation contracts and leases, as the board may consider appropriate.(b)  The orders or resolutions of the board authorizing the issuance of bonds may also prohibit the further issuance of bonds or other obligations payable from the pledged revenue or may reserve the right to issue additional bonds to be secured by a pledge of and payable from the revenue on a parity with or subordinate to the lien and pledge in support of the bonds being issued, subject to the conditions which may be set forth in the orders or resolutions.(c)  The orders or resolutions of the board issuing bonds may contain other provisions and covenants as the board may determine, not prohibited by the Constitution or by this chapter.(d)  The board may adopt and cause to be executed any other proceedings or instruments necessary and convenient in the issuance of bonds.|Added by Acts 1971, 62nd Leg., p. 797, ch. 84, Sec. 1.|
TX Water Code § 54.512 (2021)
2021 Texas Statutes|Water Code|Title 4 - General Law Districts|Chapter 54 - Municipal Utility Districts|Subchapter F. Issuance of Bonds|Section 54.512. Sale or Exchange of Bonds

Sec. 54.512.  SALE OR EXCHANGE OF BONDS.  (a)  The board shall sell the bonds on the best terms and for the best possible price but none of the bonds may be sold for less than 95 percent of face value.(b)  The district may exchange bonds for property acquired by purchase or in payment of the contract price of work done or services performed for the use and benefit of the district.|Added by Acts 1971, 62nd Leg., p. 797, ch. 84, Sec. 1.|
TX Water Code § 54.514 (2021)
2021 Texas Statutes|Water Code|Title 4 - General Law Districts|Chapter 54 - Municipal Utility Districts|Subchapter F. Issuance of Bonds|Section 54.514. Refunding Bonds

Sec. 54.514.  REFUNDING BONDS.  (a)  A district may issue bonds to refund all or any part of its outstanding bonds, notes, or other obligations including matured but unpaid interest coupons.(b)  Refunding bonds shall mature serially or otherwise not more than 40 years from their date and shall bear interest at any rate or rates permitted by the Constitution and laws of the state.(c)  Refunding bonds may be payable from the same source as the bonds, notes, or other obligations being refunded or from other additional sources.(d)  The refunding bonds shall be approved by the attorney general as in the case of other bonds and shall be registered by the comptroller on the surrender and cancellation of the bonds being refunded.(e)  The orders or resolutions authorizing the issuance of the refunding bonds may provide that they shall be sold and the proceeds deposited in the place or places where the bonds being refunded are payable, in which case the refunding bonds may be issued before the cancellation of the bonds being refunded provided an amount sufficient to pay the interest on and principal of the bonds being refunded to their maturity dates, or to their option dates if the bonds have been duly called for payment prior to maturity according to their terms, has been deposited in the place or places where the bonds being refunded are payable.  The comptroller shall register them without the surrender and cancellation of bonds being refunded.(f)  A refunding may be accomplished in one or in several installment deliveries.  Refunding bonds and their interest coupons shall be investment securities under the provisions of Article 8 of the Business & Commerce Code.(g)  In lieu of the method set forth in Section 54.514(a)-(f) of this code, a district may refund bonds, notes, or other obligations as provided by the general laws of the state.|Added by Acts 1971, 62nd Leg., p. 798, ch. 84, Sec. 1.|
TX Water Code § 54.5161 (2021)
2021 Texas Statutes|Water Code|Title 4 - General Law Districts|Chapter 54 - Municipal Utility Districts|Subchapter F. Issuance of Bonds|Section 54.5161. Review of Bond Projects by Counties

Sec. 54.5161.  REVIEW OF BOND PROJECTS BY COUNTIES.  (a)  Before the commission gives final approval on any bond issue for the purpose of financing a project of a district located wholly or partly outside the extraterritorial jurisdiction of a city, the commission shall notify the county commissioners of the county in which the district is located that an application has been filed and give the county an opportunity within 30 days after notification to examine all information on file and submit a written opinion from the commissioners court stating any findings, conclusions, or other information that the commissioners court considers important to the commission's final determination.(b)  In passing on the approval of a bond issue under this section, if a written opinion is submitted by the commissioners court, the commission shall consider the written opinion before taking final action.|Added by Acts 1975, 64th Leg., p. 1294, ch. 485, Sec. 3, eff. Sept. 1, 1975.|
TX Water Code § 54.518 (2021)
2021 Texas Statutes|Water Code|Title 4 - General Law Districts|Chapter 54 - Municipal Utility Districts|Subchapter F. Issuance of Bonds|Section 54.518. Mandamus by Bondholders

Sec. 54.518.  MANDAMUS BY BONDHOLDERS.  In addition to all other rights and remedies provided by the laws of the state, in the event the district defaults in the payment of principal, interest, or redemption price on its bonds when due, or in the event it fails to make payments into any fund or funds created in the order or resolution authorizing the issuance of the bonds, or defaults in the observation or performance of any other covenants, conditions, or obligations set forth in the resolution or order authorizing the issuance of its bonds, the owners of any of the bonds shall be entitled to a writ of mandamus issued by a court of competent jurisdiction compelling and requiring the district and its officials to observe and perform the covenants, obligations, or conditions prescribed in the order or resolution authorizing the issuance of the district's bonds.|Added by Acts 1971, 62nd Leg., p. 799, ch. 84, Sec. 1.|
TX Water Code § 54.520 (2021)
2021 Texas Statutes|Water Code|Title 4 - General Law Districts|Chapter 54 - Municipal Utility Districts|Subchapter F. Issuance of Bonds|Section 54.520. Cancellation of Unsold Bonds

Sec. 54.520.  CANCELLATION OF UNSOLD BONDS.  (a)  The board, by order or resolution, may provide for the cancellation of all or any part of any bonds which have been submitted to and approved by the attorney general and registered by the comptroller, but not yet sold, and provide for the issuance of new bonds in lieu of the old bonds in the manner as provided by law for the issuance of the original bonds including their approval by the attorney general and their registration by the comptroller.(b)  The order or resolution of the board shall describe the bonds to be cancelled, and shall also describe the new bonds to be issued in lieu of the old bonds.(c)  A certified copy of the order or resolution of the board providing for the cancellation of the old bonds, together with the old bonds, shall be delivered to the comptroller, who shall cancel and destroy the old bonds and make a record of the cancellation.|Added by Acts 1971, 62nd Leg., p. 800, ch. 84, Sec. 1.|
TX Water Code § 54.521 (2021)
2021 Texas Statutes|Water Code|Title 4 - General Law Districts|Chapter 54 - Municipal Utility Districts|Subchapter F. Issuance of Bonds|Section 54.521. Use of Bond Proceeds to Pay Certain Interest

Sec. 54.521.  USE OF BOND PROCEEDS TO PAY CERTAIN INTEREST.  The district may use bond proceeds to pay or to establish a reasonable reserve to pay not more than three years' interest on the notes and bonds of the district as provided in the bond orders or resolutions.|Added by Acts 1979, 66th Leg., p. 882, ch. 402, Sec. 1, eff. Aug. 27, 1979.|
TX Water Code § 54.522 (2021)
2021 Texas Statutes|Water Code|Title 4 - General Law Districts|Chapter 54 - Municipal Utility Districts|Subchapter F. Issuance of Bonds|Section 54.522. Bonds for Street Repair or Maintenance

Sec. 54.522.  BONDS FOR STREET REPAIR OR MAINTENANCE.  (a)  The legislature finds that the condition of streets affects:(1)  the control, storage, preservation, and distribution of the state's storm and flood waters;(2)  the control, abatement, or change of any shortage or harmful excess of water;  and(3)  a municipal utility district's ability to accomplish its purposes.(b)  It is the policy of the state to authorize a municipal utility district in certain circumstances to take action that is necessary to prevent the condition of a street within the district from adversely affecting the control, storage, preservation, and distribution of the state's storm and flood waters, adversely affecting the control, abatement, or change of any shortage or harmful excess of water, or otherwise impeding a district's ability to accomplish its purposes.(c)  A district created by general law or special act of the legislature in existence for at least 10 years may issue bonds for the purpose of repairing or maintaining streets within the district if the bonds are authorized by a majority vote of the resident electors of the district voting in an election called and held for that purpose.(d)  An election required by this section must be held on the uniform election date in November authorized by Section 41.001, Election Code.  Notwithstanding Section 41.003, Election Code, an election under this section may be held on the date of the general election for state and county officers.|Added by Acts 1997, 75th Leg., ch. 520, Sec. 2, eff. Sept. 1, 1997.|
TX Water Code § 54.601 (2021)
2021 Texas Statutes|Water Code|Title 4 - General Law Districts|Chapter 54 - Municipal Utility Districts|Subchapter G. Taxes|Section 54.601. Tax Levy for Bonds

Sec. 54.601.  TAX LEVY FOR BONDS.  At the time bonds payable in whole or in part from taxes are issued, the board shall levy a continuing direct annual ad valorem tax for each year while all or part of the bonds are outstanding on all taxable property within the district in sufficient amount to pay the interest on the bonds as it becomes due and to create a sinking fund for the payment of the principal of the bonds when due or the redemption price at any earlier required redemption date and to pay the expenses of assessing and collecting the taxes.|Added by Acts 1971, 62nd Leg., p. 801, ch. 84, Sec. 1.|
TX Water Code § 54.602 (2021)
2021 Texas Statutes|Water Code|Title 4 - General Law Districts|Chapter 54 - Municipal Utility Districts|Subchapter G. Taxes|Section 54.602. Establishment of Tax Rate in Each Year

Sec. 54.602.  ESTABLISHMENT OF TAX RATE IN EACH YEAR.  (a)  Repealed by Acts 1979, 66th Leg., p. 2330, ch. 841, Sec. 6(a)(3), eff. Jan. 1, 1982.(b)  In determining the actual rate to be levied in each year, the board shall consider among other things:(1)  the amount which should be levied for maintenance and operation purposes, if a maintenance tax has been authorized;(2)  the amount which should be levied for the payment of principal, interest, and redemption price of each series of bonds or notes payable in whole or in part from taxes;(3)  the amount which should be levied for the purpose of paying all other contractual obligations of the district payable in whole or in part from taxes;  and(4)  the percentage of anticipated tax collections and the cost of collecting the taxes.(c)  In determining the amount of taxes which should be levied each year, the board may consider whether proceeds from the sale of bonds have been placed in escrow to pay interest during construction and whether the board reasonably expects to have revenue or receipts available from other sources which are legally available to pay principal of or interest or redemption price on the bonds.  The board shall levy a tax in the first full year after issuance of its first series of bonds.|Added by Acts 1971, 62nd Leg., p. 801, ch. 84, Sec. 1.  Amended by Acts 1979, 66th Leg., p. 2330, ch. 841, Sec. 6(a)(3), eff. Jan. 1, 1982.|
TX Water Code § 54.603 (2021)
2021 Texas Statutes|Water Code|Title 4 - General Law Districts|Chapter 54 - Municipal Utility Districts|Subchapter G. Taxes|Section 54.603. Mandamus by Bondholders

Sec. 54.603.  MANDAMUS BY BONDHOLDERS.  In the event the board fails or refuses to levy a sufficient tax in each year which, together with other revenues or receipts which may be legally used for these purposes, will be sufficient to pay the required principal of or interest or redemption price on the bonds, notes, or other contractual obligations when due, or to pay the district's other contractual obligations payable from taxes in addition to all other remedies which may be available, the owner of the district's bonds, notes, or other contractual obligations shall be entitled to a writ of mandamus issued by a court of competent jurisdiction to compel the board to levy a sufficient tax to meet the district's obligations to the owners of its bonds, notes, or other contractual obligations.|Added by Acts 1971, 62nd Leg., p. 801, ch. 84, Sec. 1.|
TX Water Code § 54.604 (2021)
2021 Texas Statutes|Water Code|Title 4 - General Law Districts|Chapter 54 - Municipal Utility Districts|Subchapter G. Taxes|Section 54.604. Assessment and Collection of District Taxes

Sec. 54.604.  ASSESSMENT AND COLLECTION OF DISTRICT TAXES.  The assessor and collector shall assess and collect taxes for the district.|Added by Acts 1971, 62nd Leg., p. 801, ch. 84, Sec. 1.  Amended by Acts 1979, 66th Leg., p. 2321, ch. 841, Sec. 4(r), eff. Jan. 1, 1982.|
TX Water Code § 54.728 (2021)
2021 Texas Statutes|Water Code|Title 4 - General Law Districts|Chapter 54 - Municipal Utility Districts|Subchapter H. Adding and Excluding Territory; Consolidating and Dissolving Districts|Section 54.728. Consolidation of Districts

Sec. 54.728.  CONSOLIDATION OF DISTRICTS.  Two or more districts governed by the provisions of this chapter may consolidate into one district as provided by Sections 54.729-54.733 of this code.|Added by Acts 1971, 62nd Leg., p. 810, ch. 84, Sec. 1.|
TX Water Code § 54.729 (2021)
2021 Texas Statutes|Water Code|Title 4 - General Law Districts|Chapter 54 - Municipal Utility Districts|Subchapter H. Adding and Excluding Territory; Consolidating and Dissolving Districts|Section 54.729. Elections to Approve Consolidation

Sec. 54.729.  ELECTIONS TO APPROVE CONSOLIDATION.  (a)  After the board of each district has agreed on the terms and conditions of consolidation, which may include the assumption by each district of the bonds, notes, or other obligations and voted but unissued bonds of the other consolidating districts payable in whole or in part from taxation, the levy of taxes to pay for the bonds, and adoption of a name for the consolidated district, the board shall order an election in each district to determine whether the districts should be consolidated.(b)  The directors of each district shall order the election to be held on the same day in each district and shall give notice of the election for the time and in the manner provided by law for bond elections.(c)  The districts may be consolidated only if the electors in each district vote in favor of the consolidation.|Added by Acts 1971, 62nd Leg., p. 810, ch. 84, Sec. 1.  Amended by Acts 1995, 74th Leg., ch. 715, Sec. 19, eff. Sept. 1, 1995.|
TX Water Code § 54.730 (2021)
2021 Texas Statutes|Water Code|Title 4 - General Law Districts|Chapter 54 - Municipal Utility Districts|Subchapter H. Adding and Excluding Territory; Consolidating and Dissolving Districts|Section 54.730. Governing Consolidated Districts

Sec. 54.730.  GOVERNING CONSOLIDATED DISTRICTS.  (a)  After two or more districts are consolidated, they become one district and are governed as one district, except for the payment of debts created before consolidation if the conditions of consolidation do not provide for the assumption by each district of the bonds, notes, or other obligations and voted but unissued bonds of the other consolidating districts.(b)  During a period of 90 days after the date of the election to approve consolidation, the officers of each district shall continue to act jointly as officers of the original districts to settle the affairs of their respective districts.(c)  The consolidation agreement may provide that the officers of the original districts shall continue to act jointly as officers of the consolidated district until the next general election or name persons to serve as officers of the consolidated district until the next general election if all officers of the original districts agree to resign.  At the next general election, directors will be elected for the consolidated district in the same manner and for the same term as directors elected at a confirmation election.(d)  New officers of the consolidated district must qualify as officers of the district within the period of 90 days after the election and shall assume their offices at the expiration of the 90-day period.(e)  The current board shall approve the bond of each new officer.|Added by Acts 1971, 62nd Leg., p. 810, ch. 84, Sec. 1.  Amended by Acts 1995, 74th Leg., ch. 715, Sec. 20, eff. Sept. 1, 1995.|
TX Water Code § 54.731 (2021)
2021 Texas Statutes|Water Code|Title 4 - General Law Districts|Chapter 54 - Municipal Utility Districts|Subchapter H. Adding and Excluding Territory; Consolidating and Dissolving Districts|Section 54.731. Debts of Original Districts

Sec. 54.731.  DEBTS OF ORIGINAL DISTRICTS.  (a)  After two or more districts are consolidated, the debts of the original districts shall be protected and may not be impaired.  These debts may be paid by taxes levied on the land in the original districts as if they had not consolidated or from contributions from the consolidated district on terms stated in the consolidation agreement.(b)  If each district assumed the other's bonds, notes, and other obligations, taxes may be levied uniformly on all taxable property within the consolidated district in payment of the debts.|Added by Acts 1971, 62nd Leg., p. 811, ch. 84, Sec. 1.|
TX Water Code § 54.732 (2021)
2021 Texas Statutes|Water Code|Title 4 - General Law Districts|Chapter 54 - Municipal Utility Districts|Subchapter H. Adding and Excluding Territory; Consolidating and Dissolving Districts|Section 54.732. Assessment and Collection of Taxes

Sec. 54.732.  ASSESSMENT AND COLLECTION OF TAXES.  After consolidation, the district shall assess and collect taxes on property in the original districts to pay debts created by the original districts unless each district has assumed the bonds, notes, or other indebtedness payable in whole or in part from taxation of the other consolidating districts.|Added by Acts 1971, 62nd Leg., p. 811, ch. 84, Sec. 1.  Amended by Acts 1995, 74th Leg., ch. 715, Sec. 21, eff. Sept. 1, 1995.|
TX Water Code § 54.733 (2021)
2021 Texas Statutes|Water Code|Title 4 - General Law Districts|Chapter 54 - Municipal Utility Districts|Subchapter H. Adding and Excluding Territory; Consolidating and Dissolving Districts|Section 54.733. Voted but Unissued Bonds

Sec. 54.733.  VOTED BUT UNISSUED BONDS.  In the event any consolidating district has voted but unissued bonds payable in whole or in part from taxation and the consolidated district assumed the voted but unissued bonds and the consolidated district was authorized to levy taxes to pay for the bonds, then the consolidated district shall be authorized to issue the voted but unissued bonds in the name of the consolidated district and levy a uniform tax on all taxable property in the consolidated district to pay for the bonds.|Added by Acts 1971, 62nd Leg., p. 811, ch. 84, Sec. 1.  Amended by Acts 1995, 74th Leg., ch. 715, Sec. 22, eff. Sept. 1, 1995.|
TX Water Code § 54.734 (2021)
2021 Texas Statutes|Water Code|Title 4 - General Law Districts|Chapter 54 - Municipal Utility Districts|Subchapter H. Adding and Excluding Territory; Consolidating and Dissolving Districts|Section 54.734. Dissolution of District Prior to Issuance of Bonds

Sec. 54.734.  DISSOLUTION OF DISTRICT PRIOR TO ISSUANCE OF BONDS.  (a)  If the board considers it advisable before the issuance of any bonds, notes, or other indebtedness, the board may dissolve the district and liquidate the affairs of the district as provided in Sections 54.734-54.738 of this code.(b)  If a majority of the board finds at any time before the authorization of bonds, notes, or other obligations or the final lending of its credit in another form that the proposed undertaking for any reason is impracticable or apparently cannot be successfully and beneficially accomplished, the board may issue notice of a hearing on a proposal to dissolve the district.|Added by Acts 1971, 62nd Leg., p. 811, ch. 84, Sec. 1.|
TX Water Code § 54.735 (2021)
2021 Texas Statutes|Water Code|Title 4 - General Law Districts|Chapter 54 - Municipal Utility Districts|Subchapter H. Adding and Excluding Territory; Consolidating and Dissolving Districts|Section 54.735. Notice of Hearing

Sec. 54.735.  NOTICE OF HEARING.  The board shall post notice of the hearing on the bulletin board at the courthouse door of each county in which the district is located and at three or more other public places within the boundaries of the district and shall publish notice of the hearing two times in a newspaper with general circulation in the district.  The notice must be posted and published at least 14 days before the hearing on the proposed dissolution of the district.|Added by Acts 1971, 62nd Leg., p. 811, ch. 84, Sec. 1.|
TX Water Code § 54.736 (2021)
2021 Texas Statutes|Water Code|Title 4 - General Law Districts|Chapter 54 - Municipal Utility Districts|Subchapter H. Adding and Excluding Territory; Consolidating and Dissolving Districts|Section 54.736. Hearing

Sec. 54.736.  HEARING.  The board shall hear all interested persons and shall consider their evidence at the time and place stated in the notice.|Added by Acts 1971, 62nd Leg., p. 812, ch. 84, Sec. 1.|
TX Water Code § 54.737 (2021)
2021 Texas Statutes|Water Code|Title 4 - General Law Districts|Chapter 54 - Municipal Utility Districts|Subchapter H. Adding and Excluding Territory; Consolidating and Dissolving Districts|Section 54.737. Board's Order to Dissolve District

Sec. 54.737.  BOARD'S ORDER TO DISSOLVE DISTRICT.  If the board unanimously determines from the evidence that the best interests of the persons and property in the district will be served by dissolving the district, the board shall enter the appropriate findings and order in its records dissolving the district.  Otherwise the board shall enter its order providing that the district has not been dissolved.|Added by Acts 1971, 62nd Leg., p. 812, ch. 84, Sec. 1.|
TX Water Code § 54.738 (2021)
2021 Texas Statutes|Water Code|Title 4 - General Law Districts|Chapter 54 - Municipal Utility Districts|Subchapter H. Adding and Excluding Territory; Consolidating and Dissolving Districts|Section 54.738. Judicial Review of Board's Order

Sec. 54.738.  JUDICIAL REVIEW OF BOARD'S ORDER.  The board's decree to dissolve the district may be judicially reviewed in the manner set forth in Sections 54.708-54.710 of this code for the review of an order excluding land from the district.|Added by Acts 1971, 62nd Leg., p. 812, ch. 84, Sec. 1.|