Tex. Spec. Dist. Local Laws Code Section 3866.157
Bonds and Other Obligations

(a)

The district may issue bonds 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 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. 172 (H.B. 1300), Sec. 1, eff. May 27, 2009.

Source: Section 3866.157 — Bonds and Other Obligations, https://statutes.­capitol.­texas.­gov/Docs/SD/htm/SD.­3866.­htm#3866.­157 (accessed Apr. 13, 2024).

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Accessed:
Apr. 13, 2024

§ 3866.157’s source at texas​.gov