Tex. Spec. Dist. Local Laws Code Section 3928.204
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. 1309 (H.B. 3954), Sec. 1, eff. June 14, 2013.
Added by Acts 2013, 83rd Leg., R.S., Ch. 1376 (S.B. 1921), Sec. 1, eff. June 14, 2013.

Source: Section 3928.204 — Authority to Borrow Money and to Issue Bonds and Other Obligations, https://statutes.­capitol.­texas.­gov/Docs/SD/htm/SD.­3928.­htm#3928.­204 (accessed Jun. 5, 2024).

3928.001
Definitions
3928.002
Nature of District
3928.003
Purpose
3928.004
Findings of Benefit and Public Purpose
3928.005
Initial District Territory
3928.006
Eligibility for Inclusion in Special Zones
3928.007
Applicability of Municipal Management Districts Law
3928.008
Construction of Chapter
3928.051
Governing Body
3928.052
Appointment of Voting Directors
3928.053
Nonvoting Directors
3928.054
Quorum
3928.055
Compensation
3928.101
General Powers and Duties
3928.102
Improvement Projects and Services
3928.103
Rail Facilities
3928.104
Development Corporation Powers
3928.105
Nonprofit Corporation
3928.106
Agreements
3928.107
Law Enforcement Services
3928.108
Membership in Charitable Organizations
3928.109
Economic Development
3928.110
Parking Facilities
3928.111
Strategic Partnership Agreement
3928.112
Annexation or Exclusion of Land
3928.113
No Eminent Domain Power
3928.151
Disbursements and Transfers of Money
3928.152
Money Used for Improvements or Services
3928.153
Petition Required for Financing Services and Improvements with Assessments
3928.154
Method of Notice for Hearing
3928.155
Assessments
3928.156
Residential Property Not Exempt
3928.157
Competitive Bidding
3928.158
Tax and Assessment Abatements
3928.201
Elections Regarding Taxes and Bonds
3928.202
Operation and Maintenance Tax
3928.203
Contract Taxes
3928.204
Authority to Borrow Money and to Issue Bonds and Other Obligations
3928.205
Taxes for Bonds
3928.206
Taxes and Bonds for Recreational Facilities
3928.251
Authority to Establish Defined Areas or Designated Property
3928.252
Procedure for Election
3928.253
Declaring Result and Issuing Order
3928.254
Taxes for Services, Improvements, and Facilities in Defined Areas or Designated Property
3928.255
Issuance of Bonds for Defined Area or Designated Property
3928.301
Municipal Annexation

Accessed:
Jun. 5, 2024

§ 3928.204’s source at texas​.gov