Tex. Spec. Dist. Local Laws Code Section 3913.204
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 2013, 83rd Leg., R.S., Ch. 599 (S.B. 1009), Sec. 1, eff. June 14, 2013.

Source: Section 3913.204 — Authority to Borrow Money and to Issue Bonds and Other Obligations, https://statutes.­capitol.­texas.­gov/Docs/SD/htm/SD.­3913.­htm#3913.­204 (accessed Jun. 5, 2024).

3913.001
Definitions 3913.002
Nature of District 3913.003
Purpose 3913.004
Findings of Benefit and Public Purpose 3913.005
Initial District Territory 3913.006
Eligibility for Inclusion in Special Zones 3913.007
Applicability of Municipal Management Districts Law 3913.008
Construction of Chapter 3913.051
Governing Body 3913.052
Appointment of Voting Directors 3913.053
Nonvoting Directors 3913.054
Quorum 3913.055
Compensation 3913.101
General Powers and Duties 3913.102
Improvement Projects and Services 3913.103
Development Corporation Powers 3913.104
Nonprofit Corporation 3913.105
Agreements 3913.106
Law Enforcement Services 3913.107
Membership in Charitable Organizations 3913.108
Economic Development 3913.109
Parking Facilities 3913.110
Annexation of Land 3913.111
No Eminent Domain Power 3913.151
Disbursements and Transfers of Money 3913.152
Money Used for Improvements or Services 3913.153
Petition Required for Financing Services and Improvements with Assessments 3913.154
Assessments 3913.155
Residential Property Not Exempt 3913.156
Tax and Assessment Abatements 3913.201
Elections Regarding Taxes and Bonds 3913.202
Operation and Maintenance Tax 3913.203
Contract Taxes 3913.204
Authority to Borrow Money and to Issue Bonds and Other Obligations 3913.205
Taxes for Bonds 3913.251
Authority to Establish Defined Areas or Designated Property 3913.252
Procedure for Election 3913.253
Declaring Result and Issuing Order 3913.254
Taxes for Services, Improvements, and Facilities in Defined Areas or Designated Property 3913.255
Issuance of Bonds for Defined Areas or Designated Property
Green check means up to date. Up to date

Accessed:
Jun. 5, 2024

§ 3913.204’s source at texas​.gov