Tex. Spec. Dist. Local Laws Code Section 3795.205
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 bonds, notes, or other obligations payable wholly or partly from ad valorem taxes, 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 2017, 85th Leg., R.S., Ch. 643 (H.B. 4341), Sec. 1, eff. June 12, 2017.

Source: Section 3795.205 — Authority to Borrow Money and to Issue Bonds and Other Obligations, https://statutes.capitol.texas.gov/Docs/SD/htm/SD.3795.htm#3795.205 (accessed Jun. 5, 2024).

3795.001
Definitions 3795.002
Creation and Nature of District 3795.003
Purpose 3795.004
Findings of Benefit and Public Purpose 3795.005
Initial District Territory 3795.006
Applicability of Municipal Management District Law 3795.007
Construction of Chapter 3795.051
Governing Body 3795.052
Appointment of Directors 3795.053
Vacancy 3795.054
Compensation 3795.101
General Powers and Duties 3795.102
Improvement Projects and Services 3795.103
Economic Development 3795.104
Firefighting Services 3795.105
Fees and Charges 3795.106
No Eminent Domain Power 3795.151
Disbursements and Transfers of Money 3795.152
Money Used for Improvements or Services 3795.153
Petition Required for Financing Services and Improvements with Assessments 3795.154
Method of Notice of Hearing 3795.155
Assessments 3795.201
Elections Regarding Taxes and Bonds 3795.202
Agreement Required for Bonds 3795.203
Operation and Maintenance Tax 3795.204
Sales and Use Tax 3795.205
Authority to Borrow Money and to Issue Bonds and Other Obligations 3795.206
Taxes for Bonds 3795.207
Bonds for Road Projects 3795.901
Applicability 3795.902
Conflict of Laws 3795.903
Written Agreement Regarding Special Appraisals 3795.904
Requirements for Advertising Bond Issue 3795.905
Requirements for Bond Issue 3795.906
Requirements for Collection of Revenue to Pay Bonds

Accessed:
Jun. 5, 2024

§ 3795.205’s source at texas.gov

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Location: https://texas.public.law/statutes/tex._spec._dist._local_laws_code_section_3795.205

Original Source: Section 3795.205 — Authority to Borrow Money and to Issue Bonds and Other Obligations, https://statutes.capitol.texas.gov/Docs/SD/htm/SD.3795.htm#3795.205 (last accessed Jun. 5, 2024).