Tex. Spec. Dist. Local Laws Code Section 3971.0506
Bonds and Other Obligations for Improvement Under Agreement

If the improvements financed by an obligation will be conveyed to or operated and maintained by a municipality or retail utility provider pursuant to an agreement between the district and the municipality or retail utility provider entered into before the issuance of the obligation, the obligation may be in the form of bonds, notes, or other obligations payable wholly or partly from assessments, issued by public or private sale, in the manner provided by Subchapter A (Short Title), Chapter 372 (Improvement Districts in Municipalities and Counties), Local Government Code.
Added by Acts 2019, 86th Leg., R.S., Ch. 473 (H.B. 4694), Sec. 1, eff. June 7, 2019.

Source: Section 3971.0506 — Bonds and Other Obligations for Improvement Under Agreement, https://statutes.­capitol.­texas.­gov/Docs/SD/htm/SD.­3971.­htm#3971.­0506 (accessed Jun. 5, 2024).

3971.0101
Definitions 3971.0102
Nature of District 3971.0103
Purpose 3971.0104
Findings of Benefit and Public Purpose 3971.0105
Initial District Territory 3971.0106
Eligibility for Inclusion in Special Zones 3971.0107
Applicability of Municipal Management Districts Law 3971.0108
Construction of Chapter 3971.0201
Governing Body 3971.0202
Compensation 3971.0203
Initial Directors 3971.0301
General Powers and Duties 3971.0302
Improvement Projects and Services 3971.0303
Nonprofit Corporation 3971.0304
Law Enforcement Services 3971.0305
Membership in Charitable Organizations 3971.0306
Economic Development Programs 3971.0307
Parking Facilities 3971.0308
Adding or Excluding Land 3971.0309
Disbursements and Transfers of Money 3971.0310
No Eminent Domain Power 3971.0401
Petition Required for Financing Services and Improvements with Assessments 3971.0402
Assessments 3971.0501
Tax Election Required 3971.0502
Operation and Maintenance Tax 3971.0503
Authority to Borrow Money and to Issue Bonds and Other Obligations 3971.0504
Bonds Secured by Revenue or Contract Payments 3971.0505
Bonds Secured by Ad Valorem Taxes 3971.0506
Bonds and Other Obligations for Improvement Under Agreement 3971.0507
Consent of Municipality Required 3971.0601
Applicability of Certain Tax Code Provisions 3971.0602
Election 3971.0603
Sales and Use Tax Rate 3971.0604
Notification of Rate Change 3971.0605
Use of Revenue 3971.0606
Abolition of Tax 3971.0701
Definition 3971.0702
Applicability of Certain Tax Code Provisions 3971.0703
Tax Authorized 3971.0704
Tax Rate 3971.0705
Information 3971.0901
Dissolution
Green check means up to date. Up to date

Accessed:
Jun. 5, 2024

§ 3971.0506’s source at texas​.gov