Texas Special District Local Laws Code § 3849.160 Bonds And Other Obligations

Sec. 3849.160. BONDS AND OTHER OBLIGATIONS. (a) The district may issue bonds or other obligations payable wholly or partly from taxes, 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 2007, 80th Leg., R.S., Ch. 949 (H.B. 4004), Sec. 1, eff. June 15, 2007.

Section: Previous  3849.151  3849.152  3849.153  3849.154  3849.155  3849.156  3849.157  3849.158  3849.159  3849.160  3849.161  3849.162  3849.163  3849.164  3849.165  Next

Last modified: September 28, 2016