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(e) The district may exercise any of the rights or powers
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H.B. No. 1551
(A) resulting from the ownership or operation of
the district's works, improvements, facilities, plants, equipment,
and appliances; or
(B) available under specific contracts for a
period of time the district determines; or
(3) pledge any combination of the sources of taxes or
revenue described by Subdivisions (1) and (2) [my. -- - -bond
(,m 13 1 .,------ .v .. 6 d.m ,. 1 .1.,. 1..m. .. --d,.m--,.,t.,. N, ~ ..v, -a vw-.,. -L..OJ...,r 6 m .,
(c) Bonds secured by and payable solely from revenue under
Subsection (b)(2)t
(1) ma be issued without an election; and
(2) are not subject to Section 49.181, Water Code [;4
:include a aulmmar- of th prooce expenditu~.rre of tc- -bond
(d) The district must hold an election in the manner
provided by Chapters 49 and 51, Water Code, to obtain voter approval
before the district may impose an ad valorem tax or issue bonds
payable from ad valorem taxes.