Tex. Spec. Dist. Local Laws Code Section 3863.210
Authority to Borrow Money and to Issue Bonds

(a)

The district may borrow money on terms and conditions as determined by the board. Section 375.205 (Approval by Attorney General; Registration), Local Government Code, does not apply to a loan, line of credit, or other borrowing from a bank or financial institution secured by revenue other than ad valorem taxes.

(b)

The district may issue bonds, notes, or other obligations payable wholly or partly from ad valorem taxes, sales and use taxes, assessments, impact fees, revenue, contract payments, grants, or other district money, or any combination of those sources of money, to pay for any authorized district purpose.

(c)

The limitation on the outstanding principal amount of bonds, notes, and other obligations set forth in Section 49.4645 (District in Certain Counties: Bonds for Recreational Facilities), Water Code, does not apply to the district.
Added by Acts 2009, 81st Leg., R.S., Ch. 883 (S.B. 2526), Sec. 1, eff. June 19, 2009.

Source: Section 3863.210 — Authority to Borrow Money and to Issue Bonds, https://statutes.­capitol.­texas.­gov/Docs/SD/htm/SD.­3863.­htm#3863.­210 (accessed Jun. 5, 2024).

3863.001
Definitions 3863.002
Nature of District 3863.003
Purpose 3863.004
Findings of Benefit and Public Purpose 3863.005
Initial District Territory 3863.006
Eligibility for Inclusion in Special Zones 3863.007
Applicability of Municipal Management Districts Law 3863.008
Liberal Construction of Chapter 3863.051
Governing Body 3863.052
Appointment of Directors 3863.054
Nonvoting Directors 3863.055
Quorum 3863.056
Compensation 3863.101
Development Corporation Powers 3863.102
Agreements 3863.103
Authority to Contract for Law Enforcement Services 3863.104
Membership in Charitable Organizations 3863.105
Economic Development Programs 3863.106
Strategic Partnership Agreement 3863.107
No Eminent Domain 3863.108
Annexation or Exclusion of Land 3863.151
Parking Facilities Authorized 3863.152
Rules 3863.153
Financing of Public Parking Facilities 3863.154
Road Improvements 3863.201
Disbursements and Transfers of Money 3863.202
Money Used for Improvements or Services 3863.203
Petition Required for Financing Services and Improvements with Assessments 3863.204
Method of Notice for Hearing 3863.205
Assessments 3863.206
Utility Property Exempt from Impact Fees and Assessments 3863.207
Residential Property 3863.208
Operation and Maintenance Tax 3863.209
Contract Taxes 3863.210
Authority to Borrow Money and to Issue Bonds 3863.211
Taxes for Bonds 3863.212
Elections Regarding Taxes and Bonds 3863.213
Competitive Bidding 3863.214
Tax and Assessment Abatements 3863.251
Authority to Establish Defined Areas or Designated Property 3863.252
Procedure for Election 3863.253
Declaring Result and Issuing Order 3863.254
Taxes for Services, Improvements, and Facilities in Defined Areas or Designated Property 3863.255
Issuance of Bonds and Imposition of Taxes for Defined Area or Designated Property 3863.301
Meanings of Words and Phrases 3863.302
Applicability of Certain Tax Code Provisions 3863.303
Authorization 3863.304
Abolishing Sales and Use Tax 3863.305
Sales and Use Tax Rate 3863.351
Hotel Occupancy Tax
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Accessed:
Jun. 5, 2024

§ 3863.210’s source at texas​.gov