Tex. Spec. Dist. Local Laws Code Section 3933.252
Borrowing Money; Obligations


(a)

The district may borrow money for a district purpose, including the acquisition or construction of improvement projects authorized by this chapter and the reimbursement of a person who develops or owns an improvement project authorized by this chapter, without holding an election by issuing bonds, notes, time warrants, credit agreements, or other obligations, or by entering into a contract or other agreement payable wholly or partly from an assessment, a contract payment, a grant, revenue from a zone created under Chapter 311 (Tax Increment Financing Act) or 312 (Property Redevelopment and Tax Abatement Act), Tax Code, sales and use taxes, hotel occupancy taxes, other district revenue, or a combination of these sources.

(b)

An obligation described by Subsection (a):

(1)

may bear interest at a rate determined by the board; and

(2)

may include a term or condition as determined by the board.
Added by Acts 2015, 84th Leg., R.S., Ch. 1239 (H.B. 4155), Sec. 1, eff. September 1, 2015.

Source: Section 3933.252 — Borrowing Money; Obligations, https://statutes.­capitol.­texas.­gov/Docs/SD/htm/SD.­3933.­htm#3933.­252 (accessed Jun. 5, 2024).

3933.001
Definitions
3933.002
Creation and Nature of District
3933.003
Confirmation and Directors’ Election Required
3933.004
Purpose
3933.005
Findings of Benefit and Public Purpose
3933.006
Initial District Territory
3933.007
Eligibility for Inclusion in Special Zones
3933.008
Applicability of Municipal Management District Law
3933.009
Construction of Chapter
3933.051
Governing Body
3933.052
Temporary Directors
3933.101
General Powers and Duties
3933.102
Improvement Projects
3933.103
Water District Powers
3933.104
Road District Powers
3933.105
Road Standards and Requirements
3933.106
Public Improvement District Powers
3933.107
County Development District Powers
3933.108
Contract Powers
3933.109
Economic Development Programs
3933.110
Adding or Removing Territory
3933.111
No Toll Roads
3933.112
No Eminent Domain Power
3933.151
Improvement Projects and Services
3933.152
Board Determination Required
3933.153
Location of Improvement Project
3933.154
Improvement Project and Service in Definable Areas
3933.201
Division of District
3933.202
Law Applicable to New District
3933.203
Division Procedures
3933.204
Contract Authority of New Districts
3933.251
Money Used for Improvements, Services, or Other Expenses
3933.252
Borrowing Money
3933.253
Assessments
3933.254
Residential Property Not Exempt
3933.255
Impact Fees
3933.256
Rates, Fees, and Charges
3933.257
Public Service User Charges
3933.258
Costs for Improvement Projects
3933.301
Elections Regarding Taxes or Bonds
3933.302
Operation and Maintenance Tax
3933.303
Contract Taxes
3933.304
Taxes for Bonds and Other Obligations
3933.305
Tax Abatement
3933.351
Meanings of Words and Phrases
3933.352
Applicability of Certain Tax Code Provisions
3933.353
Authorization
3933.354
Effective Date of Tax
3933.355
Sales and Use Tax Rate
3933.356
Examination and Receipt of Information
3933.357
Alternative Method of Imposition
3933.401
Definition
3933.402
Applicability of Certain Tax Code Provisions
3933.403
Tax Authorized
3933.404
Information
3933.405
Use of Hotel Occupancy Tax
3933.451
Dissolution

Accessed:
Jun. 5, 2024

§ 3933.252’s source at texas​.gov