Tex. Spec. Dist. Local Laws Code Section 3901.207
Authority to Issue Bonds and Other Obligations

(a)

The district may issue by competitive bid or negotiated sale bonds, notes, or other obligations payable wholly or partly from taxes, assessments, fees, revenue, contract payments, grants, or other district money, or any combination of those sources of money, to pay for any authorized district purpose.

(b)

In addition to any other terms authorized by the board by bond order or resolution, the proceeds of the district’s bonds may be used for a reserve fund, credit enhancement, or capitalized interest for the bonds.

(c)

The limitation on the outstanding principal amount of bonds, notes, and other obligations provided by Section 49.4645 (District in Certain Counties: Bonds for Recreational Facilities), Water Code, does not apply to the district.
Added by Acts 2011, 82nd Leg., R.S., Ch. 861 (H.B. 3842), Sec. 1, eff. June 17, 2011.

Source: Section 3901.207 — Authority to Issue Bonds and Other Obligations, https://statutes.­capitol.­texas.­gov/Docs/SD/htm/SD.­3901.­htm#3901.­207 (accessed Jun. 5, 2024).

3901.001
Definitions 3901.002
Creation and Nature of District 3901.003
Confirmation and Directors’ Election Required 3901.004
Consent of Municipality Required 3901.005
Purpose 3901.006
Findings of Benefit and Public Purpose 3901.007
District Territory 3901.008
Eligibility for Inclusion in Special Zones 3901.009
Applicability of Municipal Management Districts Law 3901.010
Liberal Construction of Chapter 3901.011
Conflicts of Law 3901.051
Governing Body 3901.052
Compensation 3901.054
Disqualification of Directors 3901.101
General Powers and Duties 3901.102
Improvement Projects and Services 3901.103
Recreational Facilities 3901.104
Authority for Road Projects 3901.105
Conveyance and Approval of Road Project 3901.106
Development Corporation Powers 3901.107
Nonprofit Corporation 3901.108
Agreements 3901.109
Law Enforcement Services 3901.110
Membership in Charitable Organizations 3901.111
Economic Development 3901.112
Strategic Partnership Agreement 3901.113
Regional Participation Agreement 3901.114
Annexation or Exclusion of Land 3901.115
Applicability of Other Law to Certain Contracts 3901.116
Terms of Employment 3901.117
No Eminent Domain Power 3901.151
Public Transit System 3901.152
Parking Facilities 3901.153
Rules 3901.154
Fees 3901.155
Agreement with Rapid Transit Authority 3901.156
Mass Transit Systems 3901.171
Conduit Facilities 3901.201
Money Used for Improvements or Services 3901.202
Petition Required for Financing Services and Improvements with Assessments 3901.203
Method of Notice for Hearing 3901.204
Assessments 3901.205
Tax and Assessment Abatements 3901.206
Utility Property Exempt from Assessments 3901.207
Authority to Issue Bonds and Other Obligations 3901.208
Municipality Not Required to Pay District Obligations 3901.209
Audit Exemption 3901.251
Applicability of Certain Tax Code Provisions 3901.252
Election 3901.253
Sales and Use Tax Rate 3901.254
Tax After Annexation 3901.255
Notification of Rate Change 3901.256
Use of Revenue 3901.257
Abolition of Tax 3901.301
Definition 3901.302
Applicability of Certain Tax Code Provisions 3901.303
Tax Authorized 3901.304
Tax Rate 3901.305
Information 3901.306
Use of Revenue 3901.307
Abolition of Tax 3901.351
Dissolution of District with Outstanding Debt
Green check means up to date. Up to date

Accessed:
Jun. 5, 2024

§ 3901.207’s source at texas​.gov