Texas Special District Local Laws Code § 3908.201 Authority To Borrow Money And To Issue Bonds And Other Obligations

Sec. 3908.201. AUTHORITY TO BORROW MONEY AND TO ISSUE BONDS AND OTHER OBLIGATIONS. (a) The district may borrow money on terms determined by the board.

(b) The district may issue, without an election, bonds, notes, or other obligations payable wholly or partly from assessments, impact fees, revenue, contract payments, grants, or other district money, or any combination of those sources of money, to pay for any authorized district purpose.

Added by Acts 2013, 83rd Leg., R.S., Ch. 1115 (H.B. 3875), Sec. 1, eff. June 14, 2013.

Section: Previous  3908.106  3908.107  3908.108  3908.109  3908.110  3908.111  3908.112  3908.151  3908.152  3908.153  3908.154  3908.155  3908.156  3908.157  3908.201

Last modified: September 28, 2016