82nd Texas Legislature, Regular Session, Senate Bill 1234, Chapter 912 Page: 10 of 13
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2710
S.B. No. 1234
examination. This subsection applies only to bonds that are public
securities, as that term is defined by Section 1202.001, Government
Code.
SECTION 15. Subchapter J, Chapter 375, Local Government
Code, is amended by adding Section 375.209 to read as follows:
Sec. 375.209. TAXES FOR BONDS. At the time the district
issues bonds payable wholly or partly from ad valorem taxes, the
board shall provide for the annual imposition of a continuing
direct annual ad valorem tax, without limit as to rate or amount,
while all or part of the bonds are outstanding as required and in
the manner provided by Sections 54.601 and 54.602, Water Code.
SECTION 16. Section 375.221, Local Government Code, is
amended to read as follows:
Sec. 375.221. APPLICABILITY OF WATER DISTRICTS LAW TO
COMPETITIVE BIDDING ON CERTAIN [PU-IC WORKS] CONTRACTS. (a)
Except as provided by Subsection (b) of this section, Subchapter I,
Chapter 49, Water Code, applies to a district contract for
construction work, equipment, materials, or machinery.
(b) [a cw onrac othea- er tha- aootrac for cemrviocfoa-
more than $50,000 for thz u ctarucin f improvementE oer thRS e
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Texas. Legislature. Senate. 82nd Texas Legislature, Regular Session, Senate Bill 1234, Chapter 912, legislative document, June 17, 2011; [Austin, Texas]. (https://texashistory.unt.edu/ark:/67531/metapth311795/m1/10/: accessed July 17, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; crediting UNT Libraries Government Documents Department.