Tex. Spec. Dist. Local Laws Code Section 3899.204
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. 857 (H.B. 3834), Sec. 1, eff. June 17, 2011.

Source: Section 3899.204 — Authority to Borrow Money and to Issue Bonds and Other Obligations, https://statutes.­capitol.­texas.­gov/Docs/SD/htm/SD.­3899.­htm#3899.­204 (accessed Jun. 5, 2024).

3899.001
Definitions 3899.002
Nature of District 3899.003
Purpose 3899.004
Findings of Benefit and Public Purpose 3899.005
Initial District Territory 3899.006
Eligibility for Inclusion in Special Zones 3899.007
Applicability of Municipal Management Districts Law 3899.008
Liberal Construction of Chapter 3899.051
Governing Body 3899.052
Appointment of Voting Directors 3899.053
Nonvoting Directors 3899.054
Quorum 3899.101
General Powers and Duties 3899.102
Improvement Projects and Services 3899.103
Development Corporation Powers 3899.104
Nonprofit Corporation 3899.105
Agreements 3899.106
Law Enforcement Services 3899.107
Membership in Charitable Organizations 3899.108
Economic Development 3899.109
Parking Facilities 3899.110
Annexation or Exclusion of Land 3899.111
Strategic Partnership Agreement 3899.112
No Eminent Domain Power 3899.151
Tax and Assessment Abatements 3899.152
Disbursements and Transfers of Money 3899.153
Money Used for Improvements or Services 3899.154
Petition Required for Financing Services and Improvements with Assessments 3899.155
Method of Notice for Hearing 3899.156
Assessments 3899.157
Competitive Bidding 3899.201
Elections Regarding Taxes and Bonds 3899.202
Operation and Maintenance Tax 3899.203
Contract Taxes 3899.204
Authority to Borrow Money and to Issue Bonds and Other Obligations 3899.205
Taxes for Bonds 3899.206
Taxes and Bonds for Recreational Facilities 3899.251
Authority to Establish Defined Areas or Designated Property 3899.252
Procedure for Election 3899.253
Declaring Result and Issuing Order 3899.254
Taxes for Services, Improvements, and Facilities in Defined Areas or Designated Property 3899.255
Issuance of Bonds for Defined Areas or Designated Property
Green check means up to date. Up to date

Accessed:
Jun. 5, 2024

§ 3899.204’s source at texas​.gov