Tex. Spec. Dist. Local Laws Code Section 3823.155
Bonds and Other Obligations


The district may issue bonds or other obligations payable wholly or partly from 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.


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 2005, 79th Leg., Ch. 729 (H.B. 2019), Sec. 1.03, eff. April 1, 2007.

Source: Section 3823.155 — Bonds and Other Obligations, https://statutes.­capitol.­texas.­gov/Docs/SD/htm/SD.­3823.­htm#3823.­155 (accessed Jun. 5, 2024).

Jun. 5, 2024

§ 3823.155’s source at texas​.gov