Tex. Spec. Dist. Local Laws Code Section 3985.0506
Bonds and Other Obligations for Improvement Under Agreement

If the improvements financed by an obligation will be constructed or financed pursuant to the imposition of assessments:

(1)

the district must enter into an agreement with the city before the issuance of the obligation; and

(2)

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. 472 (H.B. 4680), Sec. 1, eff. June 7, 2019.

Source: Section 3985.0506 — Bonds and Other Obligations for Improvement Under Agreement, https://statutes.capitol.texas.gov/Docs/SD/htm/SD.3985.htm#3985.0506 (accessed Apr. 29, 2024).

3985.0101
Definitions 3985.0102
Nature of District 3985.0103
Purpose 3985.0104
Findings of Benefit and Public Purpose 3985.0105
Initial District Territory 3985.0106
Eligibility for Inclusion in Special Zones 3985.0107
Applicability of Municipal Management Districts Law 3985.0108
Construction of Chapter 3985.0109
Municipal Consent or Agreement 3985.0201
Governing Body 3985.0202
Qualifications 3985.0203
Vacancy 3985.0204
Compensation 3985.0205
Initial Directors 3985.0301
General Powers and Duties 3985.0302
Improvement Projects and Services 3985.0303
Nonprofit Corporation 3985.0304
Law Enforcement Services 3985.0305
Membership in Charitable Organizations 3985.0306
Economic Development Programs 3985.0307
Parking Facilities 3985.0308
Adding or Excluding Land 3985.0309
Disbursements and Transfers of Money 3985.0310
Rail Facilities 3985.0311
No Eminent Domain Power 3985.0401
Petition Required for Financing Services and Improvements with Assessments 3985.0402
Assessments 3985.0501
Tax Election Required 3985.0502
Operation and Maintenance Tax 3985.0503
Authority to Borrow Money and to Issue Bonds and Other Obligations 3985.0504
Bonds Secured by Revenue or Contract Payments 3985.0505
Bonds Secured by Ad Valorem Taxes 3985.0506
Bonds and Other Obligations for Improvement Under Agreement 3985.0507
Consent of Municipality and Agreement Required 3985.0901
Dissolution

Accessed:
Apr. 29, 2024

§ 3985.0506’s source at texas.gov

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Location: https://texas.public.law/statutes/tex._spec._dist._local_laws_code_section_3985.0506

Original Source: Section 3985.0506 — Bonds and Other Obligations for Improvement Under Agreement, https://statutes.capitol.texas.gov/Docs/SD/htm/SD.3985.htm#3985.0506 (last accessed Apr. 29, 2024).