Tex. Spec. Dist. Local Laws Code Section 3848.205
Bonds and Other Obligations

(a)

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.

(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.

Added by Acts 2007, 80th Leg., R.S., Ch. 1315 (S.B. 1123), Sec. 2, eff. June 15, 2007.

Source: Section 3848.205 — Bonds and Other Obligations, https://statutes.capitol.texas.gov/Docs/SD/htm/SD.3848.htm#3848.205 (accessed Jun. 5, 2024).

3848.001
Definitions 3848.002
Harris County Improvement District No 3848.003
Purpose 3848.004
Findings of Benefit and Public Purpose 3848.005
District Territory 3848.006
Applicability of Municipal Management Districts Law 3848.007
Liberal Construction of Chapter 3848.051
Composition 3848.052
Appointment of Directors 3848.053
Nonvoting Directors 3848.054
Quorum 3848.055
Compensation of Voting Directors 3848.101
Development Corporation and Housing Corporation Powers of District 3848.102
Nonprofit Corporation 3848.103
Agreements 3848.104
Contract for Law Enforcement Services 3848.105
Approval by City of Houston 3848.106
Membership in Charitable Organizations 3848.107
Road Powers 3848.108
Air Rights 3848.109
Additional Property Rights 3848.110
No Eminent Domain Power 3848.151
Public Transit System 3848.152
Parking Facilities Authorized 3848.153
Rules 3848.154
Financing of Public Transit System or Parking Facilities 3848.201
Disbursements and Transfers of Money 3848.202
Maintenance Tax 3848.203
Assessments 3848.204
Utility Property Exempt from Impact Fees and Assessments 3848.205
Bonds and Other Obligations 3848.206
Limit on Parks and Recreation Bonds 3848.207
Tax and Bond Elections 3848.208
Municipality Not Required to Pay District Obligations 3848.251
Dissolution of District with Outstanding Debt

Accessed:
Jun. 5, 2024

§ 3848.205’s source at texas.gov

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Location: https://texas.public.law/statutes/tex._spec._dist._local_laws_code_section_3848.205

Original Source: Section 3848.205 — Bonds and Other Obligations, https://statutes.capitol.texas.gov/Docs/SD/htm/SD.3848.htm#3848.205 (last accessed Jun. 5, 2024).