Tex. Spec. Dist. Local Laws Code Section 3818.215
Authority to Borrow Money and to Issue Bonds

(a)

The district may borrow money on terms and conditions as determined by the board. Section 375.205 (Approval by Attorney General; Registration), Local Government Code, does not apply to a loan, line of credit, or other borrowing from a bank or financial institution secured by revenue other than ad valorem taxes.

(b)

The district may issue by competitive bid or negotiated sale 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.

(c)

The limitation on the outstanding principal amount of bonds, notes, and other obligations provided by Section 49.4645 (District in Certain Counties: Bonds for Recreational Facilities), Water Code, does not apply to the district.
Added by Acts 2009, 81st Leg., R.S., Ch. 889 (S.B. 2552), Sec. 10, eff. June 19, 2009.

Source: Section 3818.215 — Authority to Borrow Money and to Issue Bonds, https://statutes.­capitol.­texas.­gov/Docs/SD/htm/SD.­3818.­htm#3818.­215 (accessed Jun. 5, 2024).

3818.001
Definitions 3818.002
Harris County Improvement District No 3818.003
Purpose 3818.004
Findings of Benefit and Public Purpose 3818.005
District Territory 3818.006
Applicability of Other Law 3818.007
Liberal Construction of Chapter 3818.051
Composition 3818.052
Qualifications for Office 3818.054
Vacancy 3818.055
Removal of Director 3818.101
Nonprofit Corporation 3818.102
Agreements 3818.103
Use of Conduits 3818.104
Regulation of Signs 3818.105
Exclusion of Territory 3818.106
Annexation 3818.107
Date of Elections 3818.108
Approval of Certain Improvement Projects 3818.109
No Eminent Domain Power 3818.110
Authority to Contract for Law Enforcement 3818.111
Membership in Charitable Organizations 3818.112
Economic Development Programs 3818.151
Public Transit System 3818.152
Parking Facilities Authorized 3818.153
Rules for Transit or Parking System 3818.154
Paying Cost of Public Transit System or Parking Facilities 3818.155
Payment Instead of Taxes to Other Taxing Units 3818.201
Notice and Hearing Required 3818.202
Notice of Hearing 3818.203
Hearing Procedure 3818.204
Petition Required for Financing Services and Improvement Projects 3818.205
Authority to Impose Ad Valorem Taxes, Assessments, and Impact Fees 3818.206
Utility Property Exempt from Assessments and Impact Fees 3818.207
Bonds 3818.209
Assessments and Bond Limit 3818.210
Appeal of Assessment 3818.211
Payment by Exempt Jurisdictions 3818.212
Disbursements and Transfers of Money 3818.213
Money Used for Improvements or Services 3818.214
Operation and Maintenance Tax 3818.215
Authority to Borrow Money and to Issue Bonds 3818.216
Taxes for Bonds 3818.217
Elections Regarding Taxes and Bonds 3818.218
Competitive Bidding 3818.219
Tax and Assessment Abatements
Green check means up to date. Up to date

Accessed:
Jun. 5, 2024

§ 3818.215’s source at texas​.gov