80th Texas Legislature, Regular Session, House Bill 3979, Chapter 943 Page: 7 of 51
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H.B. No. 3979
1 SUBCHAPTER E. BONDS
2 Sec. 8223.201. AUTHORITY TO ISSUE BONDS AND OTHER
3 OBLIGATIONS. (a) The district may issue bonds or other obligations
4 as provided by Chapters 49 and 54, Water Code, to finance the
5 construction, maintenance, or operation of projects under Sections
6 8223.101 and 8223.102.
7 (b) The district may not issue bonds to finance projects
8 authorized by Section 8223.102 unless the issuance is approved by a
9 vote of a two-thirds majority of the voters of the district voting
10 at an election called for that purpose.
11 (c) Bonds or other obligations issued or incurred to finance
12 projects authorized by Section 8223.102 may not exceed one-fourth
13 of the assessed value of the real property in the district.
14 CHAPTER 8252. MCKINNEY MUNICIPAL UTILITY DISTRICT
15 NO. 2 OF COLLIN COUNTY
16 SUBCHAPTER A. GENERAL PROVISIONS
17 Sec. 8252.001. DEFINITIONS. In this chapter:
18 (1) "Board" means the board of directors of the
19 district.
20 (2) "Director" means a member of the board.
21 (3) "District" means the McKinney Municipal Utility
22 District No. 2 of Collin County.
23 Sec. 8252.002. NATURE OF DISTRICT. The district is a
24 municipal utility district in Collin County created under and
25 essential to accomplish the purposes of Section 59, Article XVI,
26 Texas Constitution.
27 Sec. 8252.003. CONFIRMATION ELECTION REQUIRED. If the7
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Texas. Legislature. House of Representatives. 80th Texas Legislature, Regular Session, House Bill 3979, Chapter 943, legislative document, June 15, 2007; [Austin, Texas]. (https://texashistory.unt.edu/ark:/67531/metapth155326/m1/7/?q=%22~1%22~1: accessed July 16, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu.; crediting UNT Libraries Government Documents Department.