Sec. 60.121. GENERAL POWERS. (a) A district may impose an assessment:
(1) for a district expense;
(2) to finance a project or district service; or
(3) for any other purpose authorized by this chapter.
(b) Money derived from an assessment for one purpose may not be borrowed or otherwise used for a purpose other than the purpose for which the assessment is imposed, except as provided by Subsection (c).
(c) The board shall establish a procedure for the distribution or use of money derived from an assessment that exceeds the amount of money necessary to accomplish the purpose for which the assessment was collected.
Added by Acts 2001, 77th Leg., ch. 1393, Sec. 1, eff. June 16, 2001.
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