Tex. Spec. Dist. Local Laws Code Section 3864.204
Authority to Borrow Money and to Issue Bonds and Other Obligations

(a)

The district may borrow money on terms 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, 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.
Added by Acts 2011, 82nd Leg., R.S., Ch. 799 (H.B. 2296), Sec. 1, eff. June 17, 2011.

Source: Section 3864.204 — Authority to Borrow Money and to Issue Bonds and Other Obligations, https://statutes.­capitol.­texas.­gov/Docs/SD/htm/SD.­3864.­htm#3864.­204 (accessed Jun. 5, 2024).

3864.001
Definitions 3864.002
Nature of District 3864.003
Purpose 3864.004
Findings of Benefit and Public Purpose 3864.005
Initial District Territory 3864.006
Eligibility for Inclusion in Special Zones 3864.007
Applicability of Municipal Management Districts Law 3864.008
Construction of Chapter 3864.051
Governing Body 3864.052
Appointment of Voting Directors 3864.053
Nonvoting Directors 3864.054
Quorum 3864.055
Compensation 3864.101
General Powers and Duties 3864.102
Improvement Projects and Services 3864.103
Development Corporation Powers 3864.104
Nonprofit Corporation 3864.105
Agreements 3864.106
Law Enforcement Services 3864.107
Membership in Charitable Organizations 3864.108
Economic Development 3864.109
Parking Facilities 3864.110
Annexation or Exclusion of Land 3864.111
Navigation District Powers 3864.112
Strategic Partnership Agreement 3864.113
Rail Facilities 3864.114
No Eminent Domain Power 3864.151
Tax and Assessment Abatements 3864.152
Disbursements and Transfers of Money 3864.153
Money Used for Improvements or Services 3864.154
Petition Required for Financing Services and Improvements with Assessments 3864.155
Method of Notice for Hearing 3864.156
Assessments 3864.157
Residential Property Not Exempt 3864.158
Competitive Bidding 3864.201
Elections Regarding Taxes and Bonds 3864.202
Operation and Maintenance Tax 3864.203
Contract Taxes 3864.204
Authority to Borrow Money and to Issue Bonds and Other Obligations 3864.205
Taxes for Bonds 3864.206
Taxes for Rail Facilities and Improvements 3864.251
Authority to Establish Defined Areas or Designated Property 3864.252
Procedure for Election 3864.253
Declaring Result and Issuing Order 3864.254
Taxes for Services, Improvements, and Facilities in Defined Areas or Designated Property 3864.255
Issuance of Bonds for Defined Areas or Designated Property 3864.301
Municipal Annexation
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Accessed:
Jun. 5, 2024

§ 3864.204’s source at texas​.gov