Section 8093.0303. Condition Precedent to Issuing Bonds or Other Obligations

TX Spec Dist Code § 8093.0303 (2019) (N/A)
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Sec. 8093.0303. CONDITION PRECEDENT TO ISSUING BONDS OR OTHER OBLIGATIONS. (a) The district may not issue bonds or other obligations under this subchapter unless the district has entered into a contract with the city, Collin County, or another entity:

(1) for adequate supplemental police, fire, and emergency services for the district; and

(2) that is approved by the Commissioners Court of Collin County under Subsection (c).

(b) A contract under Subsection (a) may include a provision that the contract takes effect only on the approval of the Commissioners Court of Collin County and the voters in the district voting in an election held for that purpose.

(c) The Commissioners Court of Collin County shall review a contract under Subsection (a) and evaluate the supplemental police, fire, and emergency services provided in the contract. If the commissioners court determines that the contract provides adequate services, the commissioners court shall adopt a resolution stating that the contract has met the requirements of Subsection (a).

Added by Acts 2019, 86th Leg., R.S., Ch. 700 (S.B. 2535), Sec. 1, eff. June 10, 2019.