Tex. Spec. Dist. Local Laws Code Section 3853.157
Bonds and Other Obligations

(a)

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

(b)

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.

(c)

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

Added by Acts 2005, 79th Leg., Ch. 458 (S.B. 1866), Sec. 1, eff. June 17, 2005.

Source: Section 3853.157 — Bonds and Other Obligations, https://statutes.capitol.texas.gov/Docs/SD/htm/SD.3853.htm#3853.157 (accessed Jun. 5, 2024).

3853.001
Definitions 3853.002
Dickinson Management District No 3853.003
Purpose 3853.004
Findings of Benefit and Public Purpose 3853.005
District Territory 3853.006
Eligibility for Inclusion in Special Zones 3853.007
Liberal Construction of Chapter 3853.008
Applicability of Municipal Management Districts Law 3853.051
Board of Directors 3853.052
Appointment of Directors 3853.053
Nonvoting Directors 3853.054
Quorum 3853.101
Additional Powers of District 3853.102
Nonprofit Corporation 3853.103
Agreements 3853.104
Authority to Contract for Law Enforcement 3853.105
Approval by City of Dickinson 3853.106
Membership in Charitable Organizations 3853.107
Economic Development Programs and Other Powers Related to Planning and Development 3853.108
Annexation 3853.109
No Eminent Domain 3853.151
Disbursements and Transfers of Money 3853.152
Money Used for Improvements or Services 3853.153
Petition Required for Financing Services and Improvements with Assessments 3853.154
Method of Notice for Hearing 3853.155
Assessments 3853.156
Utility Property Exempt from Impact Fees and Assessments 3853.157
Bonds and Other Obligations 3853.158
City Not Required to Pay District Obligations 3853.159
Competitive Bidding 3853.160
Tax and Assessment Abatements 3853.201
Meanings of Words and Phrases 3853.202
Applicability of Certain Tax Code Provisions 3853.203
Authorization 3853.204
Abolishing Sales and Use Tax 3853.205
Sales and Use Tax Rate 3853.251
Dissolution of District with Outstanding Debt

Accessed:
Jun. 5, 2024

§ 3853.157’s source at texas.gov

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Location: https://texas.public.law/statutes/tex._spec._dist._local_laws_code_section_3853.157

Original Source: Section 3853.157 — Bonds and Other Obligations, https://statutes.capitol.texas.gov/Docs/SD/htm/SD.3853.htm#3853.157 (last accessed Jun. 5, 2024).