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 May 4, 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
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Accessed:
May 4, 2024

§ 3933.252’s source at texas​.gov