Texas Special District Local Laws Code
Sec. § 3966.0501
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 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 2019, 86th Leg., R.S., Ch. 562 (S.B. 2445), Sec. 1, eff. June 10, 2019.
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Last accessed
Jan. 19, 2020