Tex. Spec. Dist. Local Laws Code Section 3838.207
Bonds and Other Obligations

(a)

The district may issue bonds or other obligations, by competitive bid or negotiated sale, payable wholly or partly from taxes, assessments, impact fees, revenue, grants, or other money of the district, including economic development funds contributed to the district by the municipality or by an economic development corporation, or any combination of those sources of money, to pay for any authorized purpose of the district.

(b)

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. The term of a bond issued under this chapter may not exceed 40 years from the date of issuance.

Added by Acts 2005, 79th Leg., Ch. 444 (S.B. 1813), Sec. 1, eff. June 17, 2005.

Source: Section 3838.207 — Bonds and Other Obligations, https://statutes.capitol.texas.gov/Docs/SD/htm/SD.3838.htm#3838.207 (accessed Apr. 29, 2024).

3838.001
Definitions 3838.002
Pearland Municipal Management District No 3838.003
Purpose 3838.004
Findings of Benefit and Public Purpose 3838.005
District Territory 3838.006
Eligibility for Inclusion in Special Zones 3838.007
Liberal Construction of Chapter 3838.008
Applicability of Municipal Management Districts Law 3838.051
Board of Directors 3838.052
Appointment of Directors 3838.053
Quorum 3838.101
Additional Powers of District 3838.102
Nonprofit Corporation 3838.103
Agreements 3838.104
Authority to Contract for Law Enforcement 3838.105
Membership in Charitable Organizations 3838.106
Economic Development Programs 3838.107
No Eminent Domain 3838.151
Parking Facilities Authorized 3838.152
Rules for Parking System 3838.153
Paying Cost of Parking Facilities 3838.201
Disbursements and Transfers of Money 3838.202
Authorization for Improvements or Services 3838.203
Petition Required for Financing Services and Improvements 3838.204
Ad Valorem Tax 3838.205
Assessments 3838.206
Utility Property Exempt from Impact Fees and Assessments 3838.207
Bonds and Other Obligations 3838.208
Tax and Bond Elections 3838.209
Municipality Not Required to Pay District Obligations 3838.210
Bidding Requirements 3838.211
Tax and Assessment Abatements 3838.251
Meanings of Words and Phrases 3838.252
Applicability of Certain Tax Code Provisions 3838.253
Authorization 3838.254
Abolishing Sales and Use Tax 3838.255
Sales and Use Tax Rate

Accessed:
Apr. 29, 2024

§ 3838.207’s source at texas.gov

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Location: https://texas.public.law/statutes/tex._spec._dist._local_laws_code_section_3838.207

Original Source: Section 3838.207 — Bonds and Other Obligations, https://statutes.capitol.texas.gov/Docs/SD/htm/SD.3838.htm#3838.207 (last accessed Apr. 29, 2024).