reglab/housing_qa huggingface dataset:
TX Water Code § 60.271 (2021)
2021 Texas Statutes|Water Code|Title 4 - General Law Districts|Chapter 60 - Navigation Districts--General Provisions|Subchapter K. Depository|Section 60.271. Selection of Depository

Sec. 60.271.  SELECTION OF DEPOSITORY.  (a)  Except as provided by this section, the commission shall select a depository for the district in the same manner that a municipality selects a municipal depository under Chapter 105, Local Government Code.(b)  The commission in selecting the depository shall act in the same capacity and perform the same duties as the governing body of a municipality in selecting a municipal depository.  The chairman of the commission shall act in the same capacity and perform the same duties as the mayor of a municipality.  The treasurer of the district shall act in the same capacity and perform the same duties as the treasurer of a municipality.(c)  A bank, credit union, or savings association may not use personal bonds to secure district funds.(d)  Subchapter B, Chapter 2256, Government Code, does not govern the investment of district funds.(e)  Section 105.074(e), Local Government Code, applies to the designated officer of the district.(f)  The district shall adopt payment procedures consistent with Section 105.074(g), Local Government Code. The designated officer of a district may draw a check on a depository only on a warrant signed by the presiding officer and attested by the secretary of the district, or by a procedure adopted under this section.(g)  In this section, "designated officer" has the meaning assigned by Section 105.001, Local Government Code.|Acts 1971, 62nd Leg., p. 110, ch. 58, Sec. 1, eff. Aug. 30, 1971.  Amended by Acts 1997, 75th Leg., ch. 1400, Sec. 1, eff. Sept. 1, 1997.Amended by: Acts 2011, 82nd Leg., R.S., Ch. 1027 (H.B. 2770), Sec. 11, eff. June 17, 2011.|
TX Water Code § 60.272 (2021)
2021 Texas Statutes|Water Code|Title 4 - General Law Districts|Chapter 60 - Navigation Districts--General Provisions|Subchapter K. Depository|Section 60.272. Depository Bond

Sec. 60.272.  DEPOSITORY BOND.  The depository shall have all the powers and duties in the execution of a depository bond and in pledging of collateral in lieu of or in addition to a personal surety or surety company bond as provided by law for a county depository.|Acts 1971, 62nd Leg., p. 110, ch. 58, Sec. 1, eff. Aug. 30, 1971.|
TX Water Code § 60.273 (2021)
2021 Texas Statutes|Water Code|Title 4 - General Law Districts|Chapter 60 - Navigation Districts--General Provisions|Subchapter K. Depository|Section 60.273. Treasurer's Bond

Sec. 60.273.  TREASURER'S BOND.  After the depository executes the bond and it is approved by the commission, the county treasurer shall be required to execute only such a bond as required by the commission.|Acts 1971, 62nd Leg., p. 110, ch. 58, Sec. 1, eff. Aug. 30, 1971.|
TX Water Code § 60.301 (2021)
2021 Texas Statutes|Water Code|Title 4 - General Law Districts|Chapter 60 - Navigation Districts--General Provisions|Subchapter L. Refunding Bonds|Section 60.301. Authority to Issue Refunding Bonds

Sec. 60.301.  AUTHORITY TO ISSUE REFUNDING BONDS.  The governing body of any district may refund the bonded indebtedness of the district without a vote of the electors of the district in the manner provided by law for counties, cities, and towns and may refund the bonded indebtedness owned by the State Board of Education in the manner provided for independent school districts incorporated for free school purposes only.|Acts 1971, 62nd Leg., p. 110, ch. 58, Sec. 1, eff. Aug. 30, 1971.|
TX Water Code § 60.331 (2021)
2021 Texas Statutes|Water Code|Title 4 - General Law Districts|Chapter 60 - Navigation Districts--General Provisions|Subchapter M. Tax Bonds, Revenue Bonds, and Combination Tax and Revenue Bonds|Section 60.331. Classes of Bonds Authorized

Sec. 60.331.  CLASSES OF BONDS AUTHORIZED.  For the purpose of carrying out any one or more powers of a district, the governing body of any district may issue negotiable bonds of three general classes:(1)  bonds secured by ad valorem taxes;(2)  bonds secured solely by a pledge of all or part of the revenues accruing to the district, including but without limitation those received from sale of water, rendition of services, tolls, charges, and from all sources other than ad valorem taxes;(3)  bonds secured by a combination pledge of revenues and taxes.|Added by Acts 1973, 63rd Leg., p. 770, ch. 343, Sec. 1, eff. Aug. 27, 1973.|
TX Water Code § 60.332 (2021)
2021 Texas Statutes|Water Code|Title 4 - General Law Districts|Chapter 60 - Navigation Districts--General Provisions|Subchapter M. Tax Bonds, Revenue Bonds, and Combination Tax and Revenue Bonds|Section 60.332. Issuance of Bonds

Sec. 60.332.  ISSUANCE OF BONDS.  (a)  Any district may issue bonds provided in Subdivision (2), Section 60.331 of this code, by action of its governing body and without the necessity of an election.(b)  Bonds to be issued under Subdivisions (1) and (3), Section 60.331 of this code, can be issued only after authorization at an election held for that purpose throughout the territory comprising the district.  The elections shall be conducted substantially in accordance with the procedure prescribed in the Election Code.|Added by Acts 1973, 63rd Leg., p. 770, ch. 343, Sec. 1, eff. Aug. 27, 1973.|
TX Water Code § 60.333 (2021)
2021 Texas Statutes|Water Code|Title 4 - General Law Districts|Chapter 60 - Navigation Districts--General Provisions|Subchapter M. Tax Bonds, Revenue Bonds, and Combination Tax and Revenue Bonds|Section 60.333. Form of Bonds

Sec. 60.333.  FORM OF BONDS.  (a)  Bonds of the district shall be authorized by resolution adopted by the governing board and shall be signed by the presiding officer or assistant presiding officer, and attested by the secretary, and the seal of the district shall be impressed on them.(b)  Within the discretion of the district, as evidenced by the resolution, bonds may be issued bearing the facsimile signatures of the officers and the seal of the district may be lithographed or printed thereon.|Added by Acts 1973, 63rd Leg., p. 770, ch. 343, Sec. 1, eff. Aug. 27, 1973.|
TX Water Code § 60.334 (2021)
2021 Texas Statutes|Water Code|Title 4 - General Law Districts|Chapter 60 - Navigation Districts--General Provisions|Subchapter M. Tax Bonds, Revenue Bonds, and Combination Tax and Revenue Bonds|Section 60.334. Maturity of Bonds

Sec. 60.334.  MATURITY OF BONDS.  Bonds shall mature serially or otherwise within the period and at the times which may be prescribed in the resolution, but not to exceed a maximum of 50 years.|Added by Acts 1973, 63rd Leg., p. 770, ch. 343, Sec. 1, eff. Aug. 27, 1973.|
TX Water Code § 60.335 (2021)
2021 Texas Statutes|Water Code|Title 4 - General Law Districts|Chapter 60 - Navigation Districts--General Provisions|Subchapter M. Tax Bonds, Revenue Bonds, and Combination Tax and Revenue Bonds|Section 60.335. Registered and Bearer Bonds

Sec. 60.335.  REGISTERED AND BEARER BONDS.  The bonds may be registered as to principal or as to both principal and interest, and appropriate provisions may be inserted in the resolution authorizing the execution and delivery of bonds for the conversion of registered bonds into bearer bonds and vice versa.|Added by Acts 1973, 63rd Leg., p. 770, ch. 343, Sec. 1, eff. Aug. 27, 1973.|
TX Water Code § 60.336 (2021)
2021 Texas Statutes|Water Code|Title 4 - General Law Districts|Chapter 60 - Navigation Districts--General Provisions|Subchapter M. Tax Bonds, Revenue Bonds, and Combination Tax and Revenue Bonds|Section 60.336. Lost and Destroyed Bonds

Sec. 60.336.  LOST AND DESTROYED BONDS.  Provisions may be made in the bond resolution or trust indenture for the substitution of new bonds for those lost or mutilated.|Added by Acts 1973, 63rd Leg., p. 770, ch. 343, Sec. 1, eff. Aug. 27, 1973.|
TX Water Code § 60.337 (2021)
2021 Texas Statutes|Water Code|Title 4 - General Law Districts|Chapter 60 - Navigation Districts--General Provisions|Subchapter M. Tax Bonds, Revenue Bonds, and Combination Tax and Revenue Bonds|Section 60.337. Approval of Converted or Substituted Bonds

Sec. 60.337.  APPROVAL OF CONVERTED OR SUBSTITUTED BONDS.  When bonds are approved by the attorney general and registered by the comptroller as prescribed in Section 60.345 of this code, it shall not be necessary to obtain the approval of the attorney general or registration by the comptroller of converted or substituted bonds.|Added by Acts 1973, 63rd Leg., p. 770, ch. 343, Sec. 1, eff. Aug. 27, 1973.|
TX Water Code § 60.338 (2021)
2021 Texas Statutes|Water Code|Title 4 - General Law Districts|Chapter 60 - Navigation Districts--General Provisions|Subchapter M. Tax Bonds, Revenue Bonds, and Combination Tax and Revenue Bonds|Section 60.338. Bonds Secured by Revenues

Sec. 60.338.  BONDS SECURED BY REVENUES.  (a)  Bonds secured wholly or in part by a pledge of the revenues of the district may be secured by all or that part of the revenues specified in the resolution authorizing the bonds or in the indenture securing the bonds.(b)  In making any pledge of the revenues, the right under the conditions specified to issue additional bonds which will be on a parity with, senior to, or subordinate to the bonds then being issued, may be expressly reserved.(c)  Within the discretion of the governing body, bonds may be secured further by a lien on all or any part of the physical property of the district.|Added by Acts 1973, 63rd Leg., p. 770, ch. 343, Sec. 1, eff. Aug. 27, 1973.|
TX Water Code § 60.339 (2021)
2021 Texas Statutes|Water Code|Title 4 - General Law Districts|Chapter 60 - Navigation Districts--General Provisions|Subchapter M. Tax Bonds, Revenue Bonds, and Combination Tax and Revenue Bonds|Section 60.339. Bonds Payable From Taxes

Sec. 60.339.  BONDS PAYABLE FROM TAXES.  Where bonds are issued payable wholly from taxes, it is the duty of the governing body at the time of the bonds authorization to levy a tax sufficient to pay the principal of and interest on the bonds as the interest and principal become due, and to provide the reserve funds if prescribed in the resolution authorizing or the trust indenture securing the bonds.|Added by Acts 1973, 63rd Leg., p. 770, ch. 343, Sec. 1, eff. Aug. 27, 1973.|
TX Water Code § 60.340 (2021)
2021 Texas Statutes|Water Code|Title 4 - General Law Districts|Chapter 60 - Navigation Districts--General Provisions|Subchapter M. Tax Bonds, Revenue Bonds, and Combination Tax and Revenue Bonds|Section 60.340. Bonds Payable From Both Taxes and Revenues

Sec. 60.340.  BONDS PAYABLE FROM BOTH TAXES AND REVENUES.  (a)  Where the bonds are payable both from taxes and from revenues of the district a tax shall be levied at the time of the authorization of the bonds sufficient to pay the principal and interest and create and maintain the reserve funds.(b)  The rate of tax actually to be collected for any year shall be fixed so as to take into consideration the money which shall have been in the interest and sinking fund from the pledged revenues and which will be available for payment of principal and interest and for the creation of the reserve funds to the extent and in the manner permitted by the resolution authorizing or the trust indenture securing the bonds.|Added by Acts 1973, 63rd Leg., p. 770, ch. 343, Sec. 1, eff. Aug. 27, 1973.|
TX Water Code § 60.341 (2021)
2021 Texas Statutes|Water Code|Title 4 - General Law Districts|Chapter 60 - Navigation Districts--General Provisions|Subchapter M. Tax Bonds, Revenue Bonds, and Combination Tax and Revenue Bonds|Section 60.341. Rates, Tolls, and Charges

Sec. 60.341.  RATES, TOLLS, AND CHARGES.  (a)  Where bonds are payable wholly from revenues, the governing body shall fix and from time to time revise the rates, tolls, and charges from the sales and services rendered by the district, the revenues from which are pledged, to the end that the rates, tolls, and charges will yield sufficient money:(1)  to pay designated expenses of the district;(2)  to pay the principal of and interest on the bonds as the principal and interest mature;  and(3)  to create and maintain funds as prescribed in the resolution authorizing or the trust indenture securing the bonds.(b)  Where the bonds are payable both from taxes and from revenues, the governing body shall fix and from time to time revise the rates, tolls, and charges for sales and services rendered by the district, to the extent pledged, which will be sufficient to assure compliance with the resolution authorizing the bonds or the trust indenture securing them.|Added by Acts 1973, 63rd Leg., p. 770, ch. 343, Sec. 1, eff. Aug. 27, 1973.|
TX Water Code § 60.342 (2021)
2021 Texas Statutes|Water Code|Title 4 - General Law Districts|Chapter 60 - Navigation Districts--General Provisions|Subchapter M. Tax Bonds, Revenue Bonds, and Combination Tax and Revenue Bonds|Section 60.342. Use of Bond Proceeds

Sec. 60.342.  USE OF BOND PROCEEDS.  (a)  From the proceeds of the sale of any issue of bonds the district may set aside an amount for the payment of interest anticipated to accrue for the period specified or during the construction period and for a period after that time as the governing body may determine to be necessary and may provide for a deposit into reserves or the debt service fund to the extent prescribed in the resolution authorizing or the trust indenture securing the bonds.(b)  Proceeds from the sale of the bonds shall be used for the purposes for which the bonds were authorized and may be used for the payment of all expenses necessarily incurred in accomplishing the purposes for which the district is created, including the expense of issuing and selling the bonds.(c)  No expenditure of proceeds shall be made in violation of provisions contained in the resolution authorizing or the trust indenture securing the bonds.|Added by Acts 1973, 63rd Leg., p. 770, ch. 343, Sec. 1, eff. Aug. 27, 1973.|
TX Water Code § 60.343 (2021)
2021 Texas Statutes|Water Code|Title 4 - General Law Districts|Chapter 60 - Navigation Districts--General Provisions|Subchapter M. Tax Bonds, Revenue Bonds, and Combination Tax and Revenue Bonds|Section 60.343. Interim Bonds

Sec. 60.343.  INTERIM BONDS.  Pending the issuance of definitive bonds the governing body may authorize the delivery of negotiable interim bonds or notes eligible for exchange or substitution by use of definitive bonds.|Added by Acts 1973, 63rd Leg., p. 770, ch. 343, Sec. 1, eff. Aug. 27, 1973.|
TX Water Code § 60.344 (2021)
2021 Texas Statutes|Water Code|Title 4 - General Law Districts|Chapter 60 - Navigation Districts--General Provisions|Subchapter M. Tax Bonds, Revenue Bonds, and Combination Tax and Revenue Bonds|Section 60.344. Refunding Bonds

Sec. 60.344.  REFUNDING BONDS.  (a)  The district is authorized to issue refunding bonds for the purpose of refunding any outstanding bonds and interest on them, authorized by this subchapter or any other indebtedness which the district may lawfully assume.(b)  No election shall be necessary in connection with the authorization and issuance of refunding bonds.|Added by Acts 1973, 63rd Leg., p. 770, ch. 343, Sec. 1, eff. Aug. 27, 1973.|
TX Water Code § 60.345 (2021)
2021 Texas Statutes|Water Code|Title 4 - General Law Districts|Chapter 60 - Navigation Districts--General Provisions|Subchapter M. Tax Bonds, Revenue Bonds, and Combination Tax and Revenue Bonds|Section 60.345. Approval and Incontestability of Bonds

Sec. 60.345.  APPROVAL AND INCONTESTABILITY OF BONDS.  (a)  No bonds shall be issued by the district until they shall have been approved by the attorney general.(b)  After the bonds have been approved by the attorney general and registered by the comptroller of public accounts they shall be negotiable and incontestable.(c)  When the bonds of an issue are thus approved and registered, the bonds later delivered by the district in lieu of these bonds, pursuant to Section 60.337 of this code in connection with the exchange of registered for unregistered bonds, or unregistered bonds for registered bonds, or in lieu of lost or mutilated bonds, need not be reapproved by the attorney general or reregistered by the comptroller of public accounts.  Nevertheless, the bonds shall likewise be incontestable, and except for the limitations resulting from registration shall be negotiable.|Added by Acts 1973, 63rd Leg., p. 770, ch. 343, Sec. 1, eff. Aug. 27, 1973.|
TX Water Code § 60.346 (2021)
2021 Texas Statutes|Water Code|Title 4 - General Law Districts|Chapter 60 - Navigation Districts--General Provisions|Subchapter M. Tax Bonds, Revenue Bonds, and Combination Tax and Revenue Bonds|Section 60.346. Additional Security

Sec. 60.346.  ADDITIONAL SECURITY.  (a)  Any bonds, including refunding bonds, authorized by this subchapter, and not payable wholly from ad valorem taxes, may be additionally secured by a trust indenture under which the trustee may be a bank having trust powers which may be situated either inside or outside the State of Texas.(b)  The trust indenture may contain provisions prescribed by the governing body for the security of the bonds and the preservation of its properties, contracts, and rights.  It may contain a provision for the amendment or modification of the trust indenture in the manner which it prescribes.(c)  Without limiting the generality of the provisions which may be contained in the indenture, it may provide that the district shall comply with the requirements of designated consulting engineers for the proper maintenance and operation of the district's properties and for the fixing of adequate tolls, charges, and rates, to assure proper maintenance and operation, and to provide proper debt service for the outstanding bonds in the manner prescribed in the resolution authorizing the issuance of the bonds or in the trust indenture securing the bonds.|Added by Acts 1973, 63rd Leg., p. 770, ch. 343, Sec. 1, eff. Aug. 27, 1973.|
TX Water Code § 60.347 (2021)
2021 Texas Statutes|Water Code|Title 4 - General Law Districts|Chapter 60 - Navigation Districts--General Provisions|Subchapter M. Tax Bonds, Revenue Bonds, and Combination Tax and Revenue Bonds|Section 60.347. Investment of Bond Proceeds

Sec. 60.347.  INVESTMENT OF BOND PROCEEDS.  (a)  The proceeds from the sale of any issue of bonds may, within the discretion of the board, be invested prior to their use for the purposes for which they were issued, in bonds or other direct obligations of, or obligations unconditionally guaranteed by, the United States or in certificates of deposit issued by banks as long as the certificates are secured by such obligations or may be invested in accordance with Subchapter A, Chapter 2256, Government Code.(b)  The investments may be sold pursuant to the directions of the governing body as and when needed for their use for the purposes for which the bonds were issued.|Added by Acts 1973, 63rd Leg., p. 770, ch. 343, Sec. 1, eff. Aug. 27, 1973.  Amended by Acts 1989, 71st Leg., ch. 750, Sec. 3, eff. June 15, 1989;  Acts 1995, 74th Leg., ch. 76, Sec. 5.95(11), eff. Sept. 1, 1995.|
TX Water Code § 60.348 (2021)
2021 Texas Statutes|Water Code|Title 4 - General Law Districts|Chapter 60 - Navigation Districts--General Provisions|Subchapter M. Tax Bonds, Revenue Bonds, and Combination Tax and Revenue Bonds|Section 60.348. Bonds as Investments

Sec. 60.348.  BONDS AS INVESTMENTS.  (a)  All bonds issued pursuant to this subchapter shall be and are hereby declared to be legal and authorized investments for banks, savings banks, trust companies, building and loan associations, savings and loan associations, insurance companies, fiduciaries, trustees, guardians, and for the sinking fund of cities, towns, villages, counties, school districts, or other political corporations or subdivisions of the State of Texas.(b)  The bonds shall be eligible to secure the deposit of any and all public funds of the State of Texas, and any and all public funds of cities, towns, villages, counties, school districts, or other political corporations or subdivisions of the State of Texas and the bonds shall be lawful and sufficient security for the deposits to the extent of their face value, when accompanied by all unmatured coupons appurtenant thereto.|Added by Acts 1973, 63rd Leg., p. 770, ch. 343, Sec. 1, eff. Aug. 27, 1973.|
TX Water Code § 60.349 (2021)
2021 Texas Statutes|Water Code|Title 4 - General Law Districts|Chapter 60 - Navigation Districts--General Provisions|Subchapter M. Tax Bonds, Revenue Bonds, and Combination Tax and Revenue Bonds|Section 60.349. Effect of Subchapter

Sec. 60.349.  EFFECT OF SUBCHAPTER.  This subchapter shall be wholly sufficient authority within itself for the issuance of the bonds and the performance of the other acts and procedures authorized by it, without reference to any other laws, or any restrictions or limitations contained therein, except as specifically provided in this subchapter.  When any bonds are being issued under this subchapter, then to the extent of any conflict or inconsistency between any provisions this subchapter shall prevail and control;  provided, that any issuer shall have the right to use the provisions of any other laws, not in conflict with the provisions of this subchapter, to the extent convenient or necessary to carry out any power or authority, express or implied, granted by this subchapter.|Added by Acts 1973, 63rd Leg., p. 770, ch. 343, Sec. 1, eff. Aug. 27, 1973.|
TX Water Code § 60.401 (2021)
2021 Texas Statutes|Water Code|Title 4 - General Law Districts|Chapter 60 - Navigation Districts--General Provisions|Subchapter N. Competitive Bidding Requirements|Section 60.401. Application of Subchapter

Sec. 60.401.  APPLICATION OF SUBCHAPTER.  (a)  This subchapter applies to a port authority district only if the port commission of that district or port authority by resolution adopts this subchapter.(b)  A district may adopt this subchapter for a particular purchase or period or for all purchases and contracts, subject to the commission's right to authorize particular procurements under Subchapter O.(c)  Except as specifically provided by this subchapter, a district that adopts this subchapter is not subject to the purchasing requirements of other laws governing purchases by navigation districts and port authorities.(d)  Chapter 2269, Government Code, does not apply to this subchapter.|Added by Acts 1987, 70th Leg., ch. 353, Sec. 1, eff. Aug. 31, 1987.Amended by: Acts 2011, 82nd Leg., R.S., Ch. 1129 (H.B. 628), Sec. 3.08, eff. September 1, 2011.Acts 2013, 83rd Leg., R.S., Ch. 161 (S.B. 1093), Sec. 22.002(37), eff. September 1, 2013.Acts 2017, 85th Leg., R.S., Ch. 427 (S.B. 1395), Sec. 8, eff. June 1, 2017.|