Tex. Spec. Dist. Local Laws Code Section 3856.157
Bonds and Other Obligations

(a)

The district may issue 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.

(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 2007, 80th Leg., R.S., Ch. 1128 (H.B. 4053), Sec. 1, eff. June 15, 2007.

Source: Section 3856.157 — Bonds and Other Obligations, https://statutes.capitol.texas.gov/Docs/SD/htm/SD.3856.htm#3856.157 (accessed Jun. 5, 2024).

3856.001
Definitions 3856.002
Galveston Grand Beach Management District 3856.003
Purpose 3856.004
Findings of Benefit and Public Purpose 3856.005
District Territory 3856.006
Eligibility for Inclusion in Special Zones 3856.007
Applicability of Municipal Management Districts Law 3856.008
Liberal Construction of Chapter 3856.051
Governing Body 3856.052
Appointment of Directors 3856.053
Nonvoting Directors 3856.054
Conflicts of Interest 3856.101
Additional Powers of District 3856.102
Nonprofit Corporation 3856.103
Agreements 3856.104
Authority to Contract for Law Enforcement 3856.105
Competitive Bidding 3856.106
Membership in Charitable Organizations 3856.107
Economic Development Programs 3856.108
Annexation 3856.109
No Eminent Domain 3856.151
Disbursements and Transfers of Money 3856.152
Tax and Bond Elections 3856.153
Ad Valorem Tax 3856.154
Assessments 3856.155
Petition Required for Financing Services and Improvements with Assessments 3856.156
Utility Property Exempt from Impact Fees or Assessments 3856.157
Bonds and Other Obligations 3856.158
Municipality Not Required to Pay District Obligations 3856.201
Exception for Dissolution of District with Outstanding Debt

Accessed:
Jun. 5, 2024

§ 3856.157’s source at texas.gov

Stay Connected

Join thousands of people who receive monthly site updates.

Get Legal Help

The State Bar of Texas runs a service for finding an attorney in good standing. Initial consultations are usually free or discounted: Lawyer Referral & Information Service (LRIS)

Committed to Public Service

We will always provide free access to the current law. In addition, we provide special support for non-profit, educational, and government users. Through social entrepreneurship, we’re lowering the cost of legal services and increasing citizen access.

Navigate

California:	Codes
Colorado:	C.R.S.
Nevada:	NRS
New York:	Laws
Oregon:	OAR, ORS
Texas:	Statutes
World:	Rome Statute, International Dictionary

Location: https://texas.public.law/statutes/tex._spec._dist._local_laws_code_section_3856.157

Original Source: Section 3856.157 — Bonds and Other Obligations, https://statutes.capitol.texas.gov/Docs/SD/htm/SD.3856.htm#3856.157 (last accessed Jun. 5, 2024).