Tex. Spec. Dist. Local Laws Code Section 3927.204
Authority to Borrow Money and to Issue Bonds and Other Obligations

(a)

The district may borrow money on terms determined by the board.

(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. 1374 (S.B. 1906), Sec. 1, eff. June 14, 2013.

Source: Section 3927.204 — Authority to Borrow Money and to Issue Bonds and Other Obligations, https://statutes.capitol.texas.gov/Docs/SD/htm/SD.3927.htm#3927.204 (accessed Apr. 29, 2024).

3927.001
Definitions 3927.002
Nature of District 3927.003
Purpose 3927.004
Findings of Benefit and Public Purpose 3927.005
Initial District Territory 3927.006
Eligibility for Inclusion in Special Zones 3927.007
Construction of Chapter 3927.051
Governing Body 3927.052
Election Date 3927.053
Eligibility 3927.055
Compensation 3927.101
General Powers and Duties 3927.102
Municipal Management District Powers and Duties 3927.103
Improvement Projects and Services 3927.104
Utility and Recreational Facilities and Services and Roads Prohibited Without Agreement 3927.105
Agreements 3927.106
Economic Development 3927.107
Limited Eminent Domain 3927.151
Disbursements and Transfers of Money 3927.152
Money Used for Improvements or Services 3927.153
Petition Required for Financing Services and Improvements with Assessments 3927.154
Method of Notice of Hearing 3927.155
Assessments 3927.156
Residential Property Not Exempt 3927.201
Elections Regarding Taxes and Bonds 3927.202
Operation and Maintenance Tax 3927.203
Contract Taxes 3927.204
Authority to Borrow Money and to Issue Bonds and Other Obligations 3927.205
Taxes for Bonds 3927.206
Bonds for Road Projects 3927.207
Sales and Use Tax

Accessed:
Apr. 29, 2024

§ 3927.204’s source at texas.gov

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Location: https://texas.public.law/statutes/tex._spec._dist._local_laws_code_section_3927.204

Original Source: Section 3927.204 — Authority to Borrow Money and to Issue Bonds and Other Obligations, https://statutes.capitol.texas.gov/Docs/SD/htm/SD.3927.htm#3927.204 (last accessed Apr. 29, 2024).