Tex. Spec. Dist. Local Laws Code Section 3842.157
Bonds and Other Obligations


The district may issue by competitive bid or negotiated sale bonds or other obligations payable wholly or partly from taxes, 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.


Section 375.243 (Petition Required for Bond Election), Local Government Code, does not apply to the district.


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)(a), Water Code, does not apply to the district.
Added by Acts 2007, 80th Leg., R.S., Ch. 589 (S.B. 1999), Sec. 2, eff. June 16, 2007.

Source: Section 3842.157 — Bonds and Other Obligations, https://statutes.­capitol.­texas.­gov/Docs/SD/htm/SD.­3842.­htm#3842.­157 (accessed Jun. 5, 2024).

Jun. 5, 2024

§ 3842.157’s source at texas​.gov