Texas Special District Local Laws Code - Section 3823.155. Bonds And Other Obligations
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Texas Laws > Special District Local Laws Code > Texas Special District Local Laws Code - Section 3823.155. Bonds And Other Obligations
Section: 3823.104 3823.105 3823.106 3823.151 3823.152 3823.153 3823.154 3823.155 3823.201 3824.001 3824.002 3824.003 3824.004 3824.005 3824.006
§ 3823.155. BONDS AND OTHER OBLIGATIONS. (a) The
district may issue bonds or other obligations payable wholly or
partly from assessments, impact fees, revenue, grants, or other
money of the district, or any combination of those sources of money,
to pay for any authorized purpose of the district.
(b) In exercising the district's power to borrow, the
district may issue a bond or other obligation in the form of a bond,
note, certificate of participation, or other instrument evidencing
a proportionate interest in payments to be made by the district, or
other type of obligation.
Added by Acts 2005, 79th Leg., ch. 729, § 1.03, eff. April 1,
Last modified: August 11, 2007