Tex. Spec. Dist. Local Laws Code Section 3900.201
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, including revenue from a tax increment reinvestment zone created under Chapter 311 (Tax Increment Financing Act), Tax Code, 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 2011, 82nd Leg., R.S., Ch. 856 (H.B. 3831), Sec. 1, eff. September 1, 2011.

Source: Section 3900.201 — Bonds and Other Obligations, https://statutes.capitol.texas.gov/Docs/SD/htm/SD.3900.htm#3900.201 (accessed May 4, 2024).

3900.001
Definitions 3900.002
Creation and Nature of District 3900.003
Purpose 3900.004
Findings of Benefit and Public Purpose 3900.005
District Territory 3900.006
Eligibility for Inclusion in Special Zones 3900.007
Applicability of Municipal Management Districts Law 3900.008
Liberal Construction of Chapter 3900.051
Governing Body 3900.052
Appointment of Directors 3900.053
Vacancy 3900.054
Compensation 3900.101
General Powers and Duties 3900.102
Public Improvement District Powers: Limitation 3900.103
Water District Powers 3900.104
Road District Powers 3900.105
Contract Powers 3900.106
Improvement Project and Service in Definable Area 3900.107
Improvement Projects and Services in General 3900.108
Development Corporation Powers 3900.109
Nonprofit Corporation 3900.110
Agreements 3900.111
Law Enforcement Services 3900.112
Membership in Charitable Organizations 3900.113
Economic Development 3900.114
Parking Facilities 3900.115
No Eminent Domain Power 3900.116
No Toll Roads 3900.151
Disbursements and Transfers of Money 3900.152
Money Used for Improvements or Services 3900.153
Residential Property Not Exempt 3900.154
Tax and Assessment Abatements 3900.201
Bonds and Other Obligations 3900.202
Approval by City 3900.203
Elections Regarding Taxes or Bonds 3900.204
Operation and Maintenance Tax 3900.205
Contract Taxes 3900.206
Taxes for Bonds 3900.207
Bonds for Road Projects 3900.208
Project Development Agreement Required to Impose Taxes or Borrow Money, Including Bonds

Accessed:
May 4, 2024

§ 3900.201’s source at texas.gov

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Location: https://texas.public.law/statutes/tex._spec._dist._local_laws_code_section_3900.201

Original Source: Section 3900.201 — Bonds and Other Obligations, https://statutes.capitol.texas.gov/Docs/SD/htm/SD.3900.htm#3900.201 (last accessed May 4, 2024).