Tex. Spec. Dist. Local Laws Code Section 3882.210
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. 246 (S.B. 2472), Sec. 1, eff. May 27, 2009.

Source: Section 3882.210 — Authority to Borrow Money and to Issue Bonds, https://statutes.­capitol.­texas.­gov/Docs/SD/htm/SD.­3882.­htm#3882.­210 (accessed Jun. 5, 2024).

3882.001
Definitions 3882.002
Nature of District 3882.003
Purpose 3882.004
Findings of Benefit and Public Purpose 3882.005
Initial District Territory 3882.006
Eligibility for Inclusion in Special Zones 3882.007
Applicability of Municipal Management Districts Law 3882.008
Liberal Construction of Chapter 3882.051
Governing Body 3882.052
Appointment of Directors 3882.053
Initial Voting Directors 3882.054
Nonvoting Directors 3882.055
Quorum 3882.056
Compensation 3882.101
Development Corporation Powers 3882.102
Nonprofit Corporation 3882.103
Agreements 3882.104
Authority to Contract for Law Enforcement Services 3882.105
Membership in Charitable Organizations 3882.106
Economic Development Programs 3882.107
Strategic Partnership Agreement 3882.108
No Eminent Domain 3882.109
Annexation or Exclusion of Land 3882.151
Parking Facilities Authorized 3882.152
Rules 3882.153
Financing of Public Parking Facilities 3882.201
Disbursements and Transfers of Money 3882.202
Money Used for Improvements or Services 3882.203
Petition Required for Financing Services and Improvements with Assessments 3882.204
Method of Notice for Hearing 3882.205
Assessments 3882.206
Utility Property Exempt from Impact Fees and Assessments 3882.207
Residential Property 3882.208
Operation and Maintenance Tax 3882.209
Contract Taxes 3882.210
Authority to Borrow Money and to Issue Bonds 3882.211
Taxes for Bonds 3882.212
Elections Regarding Taxes and Bonds 3882.213
Competitive Bidding 3882.214
Tax and Assessment Abatements 3882.251
Authority to Establish Defined Areas or Designated Property 3882.252
Procedure for Election 3882.253
Declaring Result and Issuing Order 3882.254
Taxes for Services, Improvements, and Facilities in Defined Areas or Designated Property 3882.255
Issuance of Bonds and Imposition of Taxes for Defined Area or Designated Property 3882.301
Municipal Annexation
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Accessed:
Jun. 5, 2024

§ 3882.210’s source at texas​.gov