Tex. Spec. Dist. Local Laws Code Section 1070.211
Authority to Borrow Money; Security

(a)

The district may borrow money for district operating expenses in an amount not to exceed the amount of tax or other revenue the district expects to receive during the fiscal year in which the money is borrowed.

(b)

To repay the debt, the board may pledge all or part of the tax or other revenue received during the fiscal year in which the board borrows money under this section.
Added by Acts 2007, 80th Leg., R.S., Ch. 920 (H.B. 3166), Sec. 1.02, eff. April 1, 2009.

Source: Section 1070.211 — Authority to Borrow Money; Security, https://statutes.­capitol.­texas.­gov/Docs/SD/htm/SD.­1070.­htm#1070.­211 (accessed May 4, 2024).

1070.001
Definitions 1070.002
Authority for Operation 1070.003
Essential Public Function 1070.004
District Territory 1070.005
Correction of Invalid Procedures 1070.006
District Support and Maintenance Not State Obligation 1070.007
Restriction on State Financial Assistance 1070.051
Board 1070.052
Petition to Change Method for Selecting Directors 1070.053
Directors’ Election 1070.054
Qualifications for Office 1070.055
Board Vacancy 1070.056
Officers 1070.057
Compensation 1070.058
Voting Requirement 1070.059
Administrators 1070.060
General Duties of District Administrator 1070.061
Employees 1070.062
Recruitment of Staff and Employees 1070.063
Health Care and Professional Educational Programs 1070.064
Day-care Services 1070.065
Seniority 1070.066
Liability Insurance 1070.101
District Responsibility 1070.102
Restriction on Political Subdivision Taxation and Debt 1070.103
Management, Control, and Administration 1070.104
Hospital System 1070.105
Rules 1070.106
Purchasing and Accounting Procedures 1070.107
Mobile Emergency Medical Service 1070.108
District Property, Facilities, and Equipment 1070.109
Eminent Domain 1070.110
Gifts and Endowments 1070.111
Construction Contracts 1070.112
Operating and Management Contracts 1070.113
Contracts with Governmental Entities for Treatment 1070.114
Contracts with Governmental Entities for Investigatory or Other Services 1070.115
Provision of Services Outside District 1070.116
Payment for Treatment 1070.117
Authority to Sue and Be Sued 1070.151
Territory that May Be Annexed 1070.152
Petition to Annex Territory 1070.153
Election Order 1070.154
Ballot 1070.155
Notice of Election 1070.156
Election Results 1070.157
Effect of Annexation 1070.201
Budget 1070.202
Notice 1070.203
Amendments to Budget 1070.204
Restriction on Expenditures 1070.205
Fiscal Year 1070.206
Audit 1070.207
Inspection of Audit and District Records 1070.208
Financial Report 1070.209
Depository 1070.210
Spending and Investment Restrictions 1070.211
Authority to Borrow Money 1070.251
Obligations and Credit Agreements 1070.252
General Obligation Bonds 1070.253
Tax to Pay General Obligation Bonds 1070.254
General Obligation Bond Election 1070.255
Revenue Bonds 1070.256
Refunding Bonds 1070.257
Maturity of Bonds 1070.258
Execution of Bonds 1070.259
Bonds Exempt from Taxation 1070.301
Imposition of Ad Valorem Tax 1070.302
Tax Rate 1070.303
Election to Increase Maximum Tax Rate 1070.304
Tax Assessor-collector
Green check means up to date. Up to date

Accessed:
May 4, 2024

§ 1070.211’s source at texas​.gov