Tex. Spec. Dist. Local Laws Code Section 3854.208
Bonds and Other Obligations

(a)

The district may issue bonds or other obligations secured by and payable wholly or partly from ad valorem 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)

In exercising the district’s borrowing power, 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 2009, 81st Leg., R.S., Ch. 1139 (H.B. 2619), Sec. 1.02, eff. April 1, 2011.

Source: Section 3854.208 — Bonds and Other Obligations, https://statutes.capitol.texas.gov/Docs/SD/htm/SD.3854.htm#3854.208 (accessed Apr. 29, 2024).

3854.001
Definitions 3854.002
Nature of District 3854.003
Purpose 3854.004
Findings of Benefit and Public Purpose 3854.005
Effect of District Creation on Municipal Powers 3854.006
Tort Claims 3854.007
Liberal Construction of Chapter 3854.051
District Territory 3854.052
Annexation or Exclusion of Territory by District 3854.053
Annexation of District Territory by Municipality 3854.101
Governing Body 3854.102
Applicable Law 3854.103
Director Districts 3854.104
Appointment of Directors 3854.105
Qualifications 3854.106
Voting 3854.107
Vacancy 3854.151
General Powers 3854.152
Elections 3854.153
Authority to Acquire Interest in Land 3854.154
Expenses and Liability for Certain Actions Affecting Property 3854.155
Security Services 3854.156
Competitive Bidding 3854.157
District Name Change 3854.158
Owning or Operating Airport Prohibited 3854.201
Disbursements or Transfers of Money 3854.202
Tax and Bond Elections 3854.203
Maintenance and Operation Tax 3854.204
Assessments 3854.205
Financing Improvement Projects or Services 3854.206
Impact Fees 3854.207
Certain Residential Property Exempt 3854.208
Bonds and Other Obligations 3854.209
Approval of Bonds 3854.251
Dissolution of District

Accessed:
Apr. 29, 2024

§ 3854.208’s source at texas.gov

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Location: https://texas.public.law/statutes/tex._spec._dist._local_laws_code_section_3854.208

Original Source: Section 3854.208 — Bonds and Other Obligations, https://statutes.capitol.texas.gov/Docs/SD/htm/SD.3854.htm#3854.208 (last accessed Apr. 29, 2024).