reglab/housing_qa huggingface dataset:
TX Water Code § 51.402 (2021)
2021 Texas Statutes|Water Code|Title 4 - General Law Districts|Chapter 51 - Water Control and Improvement Districts|Subchapter K. Issuance of Bonds|Section 51.402. Authority to Issue Bonds of Districts Operating Under Article Xvi, Section 59, of the Texas Constitution

Sec. 51.402.  AUTHORITY TO ISSUE BONDS OF DISTRICTS OPERATING UNDER ARTICLE XVI, SECTION 59, OF THE TEXAS CONSTITUTION.  A district operating under Article XVI, Section 59, of the Texas Constitution, may incur debt evidenced by the issuance of bonds for any purpose authorized by this chapter, Chapter 49, or other applicable laws, including debt which is necessary to provide improvements and maintenance of improvements to achieve the purposes for which the district was created.|Acts 1971, 62nd Leg., p. 335, ch. 58, Sec. 1, eff. Aug. 30, 1971.Amended by: Acts 2005, 79th Leg., Ch. 962 (H.B. 1644), Sec. 2, eff. June 18, 2005.|
TX Water Code § 51.403 (2021)
2021 Texas Statutes|Water Code|Title 4 - General Law Districts|Chapter 51 - Water Control and Improvement Districts|Subchapter K. Issuance of Bonds|Section 51.403. Amount of Debt Limited by Constitution

Sec. 51.403.  AMOUNT OF DEBT LIMITED BY CONSTITUTION.  No district may issue bonds or create indebtedness in an amount which is more than that authorized by the Texas Constitution.|Acts 1971, 62nd Leg., p. 335, ch. 58, Sec. 1, eff. Aug. 30, 1971.|
TX Water Code § 51.404 (2021)
2021 Texas Statutes|Water Code|Title 4 - General Law Districts|Chapter 51 - Water Control and Improvement Districts|Subchapter K. Issuance of Bonds|Section 51.404. Issuance of Preliminary Bonds

Sec. 51.404.  ISSUANCE OF PRELIMINARY BONDS.  A district may issue preliminary bonds to create a fund to pay:(1)  costs of organization;(2)  costs of making surveys and investigations;(3)  attorney's fees;(4)  costs of engineering work;(5)  costs of the issuance of bonds;  and(6)  other costs and expenses incident to organization of the district and its operation in investigating and determining plans for its plant and improvements and in issuing and selling bonds to provide for permanent improvements.|Acts 1971, 62nd Leg., p. 335, ch. 58, Sec. 1, eff. Aug. 30, 1971.|
TX Water Code § 51.405 (2021)
2021 Texas Statutes|Water Code|Title 4 - General Law Districts|Chapter 51 - Water Control and Improvement Districts|Subchapter K. Issuance of Bonds|Section 51.405. Election on Preliminary Bonds

Sec. 51.405.  ELECTION ON PRELIMINARY BONDS.  (a)  The proposition for the issuance of preliminary bonds shall be submitted to the electors of the district.(b)  The election may be held at the same time as the election to confirm the creation of the district or at a later time.(c)  The board shall make an estimate of the expenses to be paid with the proceeds of the preliminary bonds and shall include this estimate in the notice of election.|Acts 1971, 62nd Leg., p. 336, ch. 58, Sec. 1, eff. Aug. 30, 1971.|
TX Water Code § 51.406 (2021)
2021 Texas Statutes|Water Code|Title 4 - General Law Districts|Chapter 51 - Water Control and Improvement Districts|Subchapter K. Issuance of Bonds|Section 51.406. Conditions of Preliminary Bonds

Sec. 51.406.  CONDITIONS OF PRELIMINARY BONDS.  (a)  After preliminary bonds have been authorized at an election, the board may order the issuance of the bonds in an amount which is not more than the amount stated in the notice of election.(b)  The bonds may be paid serially or on amortization at any time not more than 10 years from their date.(c)  Although the bonds will be known and designated in the records as preliminary bonds, it is not necessary to make this designation on the bonds.|Acts 1971, 62nd Leg., p. 336, ch. 58, Sec. 1, eff. Aug. 30, 1971.|
TX Water Code § 51.407 (2021)
2021 Texas Statutes|Water Code|Title 4 - General Law Districts|Chapter 51 - Water Control and Improvement Districts|Subchapter K. Issuance of Bonds|Section 51.407. Tax to Pay Preliminary Bonds

Sec. 51.407.  TAX TO PAY PRELIMINARY BONDS.  At the time preliminary bonds are issued, a tax shall be levied to pay principal and interest as the bonds mature and to pay the cost of assessing and collecting the taxes.|Acts 1971, 62nd Leg., p. 336, ch. 58, Sec. 1, eff. Aug. 30, 1971.|
TX Water Code § 51.408 (2021)
2021 Texas Statutes|Water Code|Title 4 - General Law Districts|Chapter 51 - Water Control and Improvement Districts|Subchapter K. Issuance of Bonds|Section 51.408. Issuance of Bonds

Sec. 51.408.  ISSUANCE OF BONDS.  (a)  After a district is created and has adopted plans for construction of a plant and improvements, it may issue bonds to pay for constructing the plant and improvements and to pay costs and charges incident to the construction including the cost of necessary property and the retirement of preliminary bonds.(b)  The maximum amount of bonds which may be issued may not be more than the amount of the engineer's estimate plus the additional amounts added by the board in the election order.|Acts 1971, 62nd Leg., p. 336, ch. 58, Sec. 1, eff. Aug. 30, 1971.|
TX Water Code § 51.410 (2021)
2021 Texas Statutes|Water Code|Title 4 - General Law Districts|Chapter 51 - Water Control and Improvement Districts|Subchapter K. Issuance of Bonds|Section 51.410. Engineer's Report

Sec. 51.410.  ENGINEER'S REPORT.  (a)  Before an election is held to authorize the issuance of bonds, an engineer's report, which includes the plans and improvements to be constructed together with maps, plats, profiles, and data showing and explaining the engineer's report, shall be filed in the office of the district and shall be available for public inspection.(b)  The engineer's report shall contain a detailed estimate of the cost of improvements, including the cost of any property to be purchased, and an estimate of the time required to complete the improvements to the degree to which they may provide service.(c)  The board shall consider the engineer's report and may make changes in the report and note them in the minutes.|Acts 1971, 62nd Leg., p. 337, ch. 58, Sec. 1, eff. Aug. 30, 1971.|
TX Water Code § 51.411 (2021)
2021 Texas Statutes|Water Code|Title 4 - General Law Districts|Chapter 51 - Water Control and Improvement Districts|Subchapter K. Issuance of Bonds|Section 51.411. Election Order

Sec. 51.411.  ELECTION ORDER.  (a)  After the engineer's report is filed and approved, the board may order an election in the district to authorize the issuance of the bonds.(b)  In the order, the board shall estimate the total amount of money needed to cover the items listed in Section 51.409 of this code.(c)  The election order shall state:(1)  the proposed maximum interest rate on the bonds;(2)  the maximum maturity date of the bonds;(3)  the time and places for holding the election;  and(4)  the names of the election officers.(d)  The election order shall be entered in the minutes of the board.|Acts 1971, 62nd Leg., p. 337, ch. 58, Sec. 1, eff. Aug. 30, 1971.|
TX Water Code § 51.413 (2021)
2021 Texas Statutes|Water Code|Title 4 - General Law Districts|Chapter 51 - Water Control and Improvement Districts|Subchapter K. Issuance of Bonds|Section 51.413. Ballots

Sec. 51.413.  BALLOTS.  (a)  The proposition to be voted on shall be the issuance of the total amount of bonds covered by the engineer's estimate plus additional estimates made by the board.(b)  The ballots shall be printed to provide for voting for or against:  "The issuance of bonds and the levy of taxes to pay for the bonds."(c)  If a contract is proposed with the United States under the federal reclamation laws, the ballots shall be printed to provide for voting for or against:  "The contract with the United States and the levy of a tax to pay the contract."|Acts 1971, 62nd Leg., p. 338, ch. 58, Sec. 1, eff. Aug. 30, 1971.|
TX Water Code § 51.414 (2021)
2021 Texas Statutes|Water Code|Title 4 - General Law Districts|Chapter 51 - Water Control and Improvement Districts|Subchapter K. Issuance of Bonds|Section 51.414. Vote at Election

Sec. 51.414.  VOTE AT ELECTION.  (a)  Bonds of a district operating under the provisions of Article III, Section 52, of the Texas Constitution, may be issued only with the approval of two-thirds of the electors of the district participating in the election.(b)  In a district organized under the provisions of Article XVI, Section 59, of the Texas Constitution, bonds may be issued or indebtedness created only with the approval of a majority of the electors of the district participating in the election.|Acts 1971, 62nd Leg., p. 338, ch. 58, Sec. 1, eff. Aug. 30, 1971.|
TX Water Code § 51.415 (2021)
2021 Texas Statutes|Water Code|Title 4 - General Law Districts|Chapter 51 - Water Control and Improvement Districts|Subchapter K. Issuance of Bonds|Section 51.415. Order to Issue Bonds or Execute Contract

Sec. 51.415.  ORDER TO ISSUE BONDS OR EXECUTE CONTRACT.  After the vote is canvassed and the results are declared to be favorable to the proposition, the board shall make and enter an order directing the issuance of the bonds or the execution of a contract with the United States.  The bonds or contract shall be in a sufficient amount to pay for the improvements together with all necessary incidental expenses, but the amount may not be more than the amount specified in the election order and notice of election.|Acts 1971, 62nd Leg., p. 338, ch. 58, Sec. 1, eff. Aug. 30, 1971.|
TX Water Code § 51.419 (2021)
2021 Texas Statutes|Water Code|Title 4 - General Law Districts|Chapter 51 - Water Control and Improvement Districts|Subchapter K. Issuance of Bonds|Section 51.419. Conditions of Bonds

Sec. 51.419.  CONDITIONS OF BONDS.  (a)  The bonds may be issued to mature at the end of a term of years or to mature serially at any date which is not later than the maximum maturity date stated in the election order.(b)  The bonds may be issued at any rate of interest which is not more than the rate of interest set in the election order.|Acts 1971, 62nd Leg., p. 339, ch. 58, Sec. 1, eff. Aug. 30, 1971.|
TX Water Code § 51.420 (2021)
2021 Texas Statutes|Water Code|Title 4 - General Law Districts|Chapter 51 - Water Control and Improvement Districts|Subchapter K. Issuance of Bonds|Section 51.420. Form of Bonds

Sec. 51.420.  FORM OF BONDS.  (a)  The bonds shall be issued in the name of the district and shall be signed by the president and attested by the secretary, with the seal of the district attached.(b)  The bonds shall be issued in denominations of $100 or multiples of $100 and shall be payable annually or semiannually.(c)  The board shall determine and include in the bonds the time, place, manner, and condition of payment of principal and interest on the bonds, but none of the bonds may be made payable more than 40 years from their date.(d)  The lien for payments due to the United States under a contract that was not accompanied by a deposit of bonds with the United States shall be a preferred lien to that of any issue of bonds or any series of any issue of bonds subsequent to the date of the contract.|Acts 1971, 62nd Leg., p. 339, ch. 58, Sec. 1, eff. Aug. 30, 1971.  Subsec. (b) amended by Acts 1971, 62nd Leg., p. 1768, ch. 518, Sec. 4, eff. May 31, 1971.|
TX Water Code § 51.423 (2021)
2021 Texas Statutes|Water Code|Title 4 - General Law Districts|Chapter 51 - Water Control and Improvement Districts|Subchapter K. Issuance of Bonds|Section 51.423. Validation Suit

Sec. 51.423.  VALIDATION SUIT.  (a)  A district may file a suit to determine the validity of the creation of the district and the bonds.(b)  If requested by the secretary of the interior, the district shall file a suit to validate a contract made with the United States.(c)  If a validation suit is filed, the bonds do not have to be approved by the attorney general.|Acts 1971, 62nd Leg., p. 340, ch. 58, Sec. 1, eff. Aug. 30, 1971.|
TX Water Code § 51.424 (2021)
2021 Texas Statutes|Water Code|Title 4 - General Law Districts|Chapter 51 - Water Control and Improvement Districts|Subchapter K. Issuance of Bonds|Section 51.424. Effect of Prior Registration

Sec. 51.424.  EFFECT OF PRIOR REGISTRATION.  If bonds are approved by the attorney general and registered by the comptroller before a validation suit is filed, the filing of the suit cancels the prior registration.|Acts 1971, 62nd Leg., p. 340, ch. 58, Sec. 1, eff. Aug. 30, 1971.|
TX Water Code § 51.425 (2021)
2021 Texas Statutes|Water Code|Title 4 - General Law Districts|Chapter 51 - Water Control and Improvement Districts|Subchapter K. Issuance of Bonds|Section 51.425. Procedure in Validation Suit

Sec. 51.425.  PROCEDURE IN VALIDATION SUIT.  (a)  A validation suit shall be brought by the district in the district court of any county in which all or part of the district is located or in a district court in Travis County.(b)  The suit shall be in the nature of a proceeding in rem.(c)  Any person who is interested in the suit may intervene and file an answer.(d)  The issue shall be tried and determined by the court and judgment shall be entered on the findings.(e)  Repealed by Acts 1981, 67th Leg., p. 2646, ch. 707, Sec. 4(50), eff. Aug. 31, 1981.|Acts 1971, 62nd Leg., p. 340, ch. 58, Sec. 1, eff. Aug. 30, 1971.  Amended by Acts 1981, 67th Leg., p. 2646, ch. 707, Sec. 4(50), eff. Aug. 31, 1981.|
TX Water Code § 51.426 (2021)
2021 Texas Statutes|Water Code|Title 4 - General Law Districts|Chapter 51 - Water Control and Improvement Districts|Subchapter K. Issuance of Bonds|Section 51.426. Notice of Validation Suit

Sec. 51.426.  NOTICE OF VALIDATION SUIT.  (a)  To obtain jurisdiction of all parties to the validation suit, a general notice shall be published.(b)  The notice shall be published once a week for at least two consecutive weeks before the term of the court at which the notice is to be returned.  The notice shall be published in a newspaper with general circulation in the county or counties in which the district is located, but if no newspaper is published inside the district, the notice shall be published in a newspaper in the nearest county in which a paper is published.(c)  Notice also shall be served on the attorney general in the manner provided in civil suits.(d)  The attorney general may waive notice if he is furnished a full transcript of the proceedings held in connection with the creation of the district and the issuance of the bonds or held in connection with the authorization of a contract with the United States.  A copy of the contract with the United States also must be furnished.|Acts 1971, 62nd Leg., p. 341, ch. 58, Sec. 1, eff. Aug. 30, 1971.|
TX Water Code § 51.427 (2021)
2021 Texas Statutes|Water Code|Title 4 - General Law Districts|Chapter 51 - Water Control and Improvement Districts|Subchapter K. Issuance of Bonds|Section 51.427. Duties of Attorney General in Validation Suit

Sec. 51.427.  DUTIES OF ATTORNEY GENERAL IN VALIDATION SUIT.  (a)  The attorney general shall examine all the proceedings and shall require any further evidence and make any further examination which he considers advisable.(b)  The attorney general then shall file an answer to the suit, submitting the issue of whether the proceedings are valid and the bonds are legal and binding obligations of the district or whether the contract with the United States is legal and binding on the district.|Acts 1971, 62nd Leg., p. 341, ch. 58, Sec. 1, eff. Aug. 30, 1971.|
TX Water Code § 51.428 (2021)
2021 Texas Statutes|Water Code|Title 4 - General Law Districts|Chapter 51 - Water Control and Improvement Districts|Subchapter K. Issuance of Bonds|Section 51.428. Judgment in Validation Suit

Sec. 51.428.  JUDGMENT IN VALIDATION SUIT.  (a)  After the trial of the validation suit, if the judgment of the court is adverse to the district on any issue, the district may make an exception and point out the error, and the error may be corrected by the judge in the manner directed by the court.(b)  The judgment shall be rendered showing that the corrections have been made and that the bonds or the contract with the United States are binding obligations of the district.(c)  After the judgment is entered, it is res judicata in all cases which may arise in connection with:(1)  the collection of the bonds or their interests;(2)  any taxes levied to pay charges or any money required to pay a contract with the United States;  and(3)  all matters relating to the organization and validity of the district or the validity of the bonds or contract.|Acts 1971, 62nd Leg., p. 341, ch. 58, Sec. 1, eff. Aug. 30, 1971.|
TX Water Code § 51.429 (2021)
2021 Texas Statutes|Water Code|Title 4 - General Law Districts|Chapter 51 - Water Control and Improvement Districts|Subchapter K. Issuance of Bonds|Section 51.429. Effect of Validation Suit

Sec. 51.429.  EFFECT OF VALIDATION SUIT.  (a)  After a final judgment is rendered in the validation suit, the bonds or the contract with the United States shall be incontestable.(b)  No suit may be brought in any court of this state to contest or enjoin the validity of the creation of the district, any bonds which are issued, any contract with the United States, or the authorization of a contract with the United States except in the name of the State of Texas by the attorney general on his own motion or on the motion of any party affected on good cause shown.(c)  The attorney general may not file or prosecute such a suit unless it is based on allegations of fraud disclosed or found after the final judgment in the validation suit was rendered.|Acts 1971, 62nd Leg., p. 342, ch. 58, Sec. 1, eff. Aug. 30, 1971.|
TX Water Code § 51.430 (2021)
2021 Texas Statutes|Water Code|Title 4 - General Law Districts|Chapter 51 - Water Control and Improvement Districts|Subchapter K. Issuance of Bonds|Section 51.430. Certified Copy of Decree

Sec. 51.430.  CERTIFIED COPY OF DECREE.  (a)  After the judgment of the district court is entered, the clerk of the court shall make a certified copy of the decree which shall be filed with the comptroller.  The comptroller shall record the decree in the book kept for that purpose.(b)  The certified copy of the decree or a certified copy of the comptroller's record of the decree shall be received in evidence in any suit which may affect the validity of the organization of the district or the validity of the bonds or the contract and shall be conclusive evidence of validity.|Acts 1971, 62nd Leg., p. 342, ch. 58, Sec. 1, eff. Aug. 30, 1971.|
TX Water Code § 51.431 (2021)
2021 Texas Statutes|Water Code|Title 4 - General Law Districts|Chapter 51 - Water Control and Improvement Districts|Subchapter K. Issuance of Bonds|Section 51.431. Registration of Bonds and Decree

Sec. 51.431.  REGISTRATION OF BONDS AND DECREE.  On the presentation of the bonds together with a certified copy of the decree of the court, the comptroller shall register the bonds in a book kept for that purpose.  The comptroller shall attach to each bond a certificate stating that the court's decree has been filed and recorded in his office and shall sign the certificate and attach his official seal.|Acts 1971, 62nd Leg., p. 342, ch. 58, Sec. 1, eff. Aug. 30, 1971.|
TX Water Code § 51.432 (2021)
2021 Texas Statutes|Water Code|Title 4 - General Law Districts|Chapter 51 - Water Control and Improvement Districts|Subchapter K. Issuance of Bonds|Section 51.432. Sale of Bonds

Sec. 51.432.  SALE OF BONDS.  (a)  After the bonds are issued by the district, the board shall sell the bonds on the best terms and for the best price possible.(b)  The board shall pay the proceeds from the sale of the bonds to the district depository.(c)  The district may exchange bonds for property acquired by purchase or to pay the contract price of work done for the use and benefit of the district.|Acts 1971, 62nd Leg., p. 342, ch. 58, Sec. 1, eff. Aug. 30, 1971.|
TX Water Code § 51.433 (2021)
2021 Texas Statutes|Water Code|Title 4 - General Law Districts|Chapter 51 - Water Control and Improvement Districts|Subchapter K. Issuance of Bonds|Section 51.433. Tax Levy

Sec. 51.433.  TAX LEVY.  (a)  At the time bonds are voted, the board shall levy a tax on all property inside the district in a sufficient amount to redeem and discharge the bonds at maturity.(b)  The board annually shall levy or have assessed and collected taxes on all property inside the district in a sufficient amount to pay for the expenses of assessing and collecting the taxes.(c)  If a contract is made with the United States, the board annually shall levy taxes on property inside the district in a sufficient amount to pay installments and interest as they become due.(d)  The board may issue the bonds in serial form or payable in installments, and the tax levy shall be sufficient if it provides an amount sufficient to pay the interest on the bonds, the proportionate amount of the principal of the next maturing bonds, and the expenses of assessing and collecting the taxes for that year.|Acts 1971, 62nd Leg., p. 342, ch. 58, Sec. 1, eff. Aug. 30, 1971.|
TX Water Code § 51.436 (2021)
2021 Texas Statutes|Water Code|Title 4 - General Law Districts|Chapter 51 - Water Control and Improvement Districts|Subchapter K. Issuance of Bonds|Section 51.436. Interest and Sinking Fund

Sec. 51.436.  INTEREST AND SINKING FUND.  (a)  The district shall have an interest and sinking fund which shall include all taxes collected under this chapter.(b)  Money in the interest and sinking fund may be used only:(1)  to pay principal and interest on the bonds;(2)  to defray the expenses of assessing and collecting the taxes;  and(3)  to pay principal and interest due under a contract with the United States if bonds have not been deposited with the United States.(c)  Money in the fund shall be paid out of the fund on warrants by order of the board as provided in this chapter.(d)  The depository shall receive and cancel each interest coupon and bond as it is paid and shall deliver it to the board to be recorded, cancelled, and destroyed.|Acts 1971, 62nd Leg., p. 343, ch. 58, Sec. 1, eff. Aug. 30, 1971.|
TX Water Code § 51.437 (2021)
2021 Texas Statutes|Water Code|Title 4 - General Law Districts|Chapter 51 - Water Control and Improvement Districts|Subchapter K. Issuance of Bonds|Section 51.437. Investment of Sinking Fund

Sec. 51.437.  INVESTMENT OF SINKING FUND.  (a)  The board may invest any portion of the sinking fund of the district in bonds of the United States, the state, any county or city in the state, any irrigation or water improvement district, school district, or other tax bonds issued under the laws of the state.(b)  The funds may be invested if the bonds to be paid with them do not mature within three years from the time the investment is made and if it is necessary to preserve the best interest of the district.|Acts 1971, 62nd Leg., p. 343, ch. 58, Sec. 1, eff. Aug. 30, 1971.|