Tex. Spec. Dist. Local Laws Code Section 3857.156
Bonds and Other Obligations

(a)

The district may issue by competitive bid or negotiated sale bonds, notes, or other obligations 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 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. 1286 (H.B. 4093), Sec. 1, eff. June 15, 2007.

Source: Section 3857.156 — Bonds and Other Obligations, https://statutes.capitol.texas.gov/Docs/SD/htm/SD.3857.htm#3857.156 (accessed May 4, 2024).

3857.001
Definitions 3857.002
Chambers-liberty Counties Improvement District 3857.003
Purpose 3857.004
Findings of Benefit and Public Purpose 3857.005
District Territory 3857.006
Applicability of Municipal Management Districts Law 3857.007
Liberal Construction of Chapter 3857.051
Governing Body 3857.052
Appointment of Directors 3857.053
Conflicts of Interest 3857.054
Compensation 3857.101
Municipal Utility District 3857.102
Road Powers 3857.103
Nonprofit Corporation 3857.104
Agreements 3857.105
Authority to Contract for Law Enforcement 3857.106
No Eminent Domain Power 3857.151
Disbursements and Transfers of Money 3857.152
Petition Required for Financing Services and Improvements 3857.153
Maintenance Tax 3857.154
Assessments 3857.155
Utility Property Exempt from Impact Fees or Assessments 3857.156
Bonds and Other Obligations 3857.157
Approval Required for Water-related Bonds 3857.158
Counties Not Required to Pay District Obligations 3857.159
Competitive Bidding 3857.160
Elections Regarding Taxes or Bonds 3857.201
Dissolution of District with Outstanding Debt

Accessed:
May 4, 2024

§ 3857.156’s source at texas.gov

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Location: https://texas.public.law/statutes/tex._spec._dist._local_laws_code_section_3857.156

Original Source: Section 3857.156 — Bonds and Other Obligations, https://statutes.capitol.texas.gov/Docs/SD/htm/SD.3857.htm#3857.156 (last accessed May 4, 2024).