Bonds sold under this subchapter must be for the purpose of:
- (1) constructing improvements, additions, and extensions to the authority's water system and rebuilding, replacing, or protecting the water system as required to provide efficient service;
- (2) acquiring necessary sites and easements; and
- (3) paying any incidental costs, professional fees, and costs of issuance of the bonds.
Added by Acts 2005, 79th Leg., Ch. 729 (H.B. 2019), Sec. 1.05, eff. April 1, 2007.