Tex. Spec. Dist. Local Laws Code Section 5004.156
Authority to Borrow Money for Current Expenses; Evidence of Obligation

(a)

The board may:

(1)

borrow money for current expenses; and

(2)

evidence the borrowed money by notes or warrants payable not later than the close of the calendar year for which the loan is made.

(b)

The total amount of the notes or warrants may not exceed the anticipated revenue.
Added by Acts 2007, 80th Leg., R.S., Ch. 920 (H.B. 3166), Sec. 1.04, eff. April 1, 2009.

Source: Section 5004.156 — Authority to Borrow Money for Current Expenses; Evidence of Obligation, https://statutes.­capitol.­texas.­gov/Docs/SD/htm/SD.­5004.­htm#5004.­156 (accessed Jun. 5, 2024).

5004.001
Definitions 5004.002
Nature of District 5004.003
Legislative Findings 5004.004
Liberal Construction of Chapter 5004.005
District Territory 5004.006
Effect of Chapter on Northeast Texas Municipal Water District 5004.051
Composition of Board 5004.052
Qualifications for Office 5004.053
Appointment of Directors 5004.054
Bond 5004.055
Filing of Oath 5004.056
Vacancies 5004.057
Compensation 5004.058
Removal from Office 5004.059
Officers 5004.060
Meetings 5004.101
General Powers and Duties 5004.102
Powers Regarding Canals, Ports, Waterways, and Facilities 5004.103
Bylaws and Rules 5004.104
Gift or Purchase of Property 5004.105
Surplus Property 5004.106
General Authority to Make Contracts and Execute Instruments 5004.107
Contracts with United States 5004.108
Authority to Spend Money for Seeking Cooperation 5004.109
Cooperation with Other Governmental Entities Concerned with Navigation on Big Cypress River 5004.110
Employment of Officers and Employees 5004.111
Permits 5004.112
Authority to Sue and Be Sued 5004.113
Seal 5004.114
Red River Compact 5004.151
Form of Accounts 5004.152
Filing Copies of Audit Report 5004.153
Procedure for Distribution of Money 5004.154
Bond of Certain Officers, Agents, and Employees 5004.155
Authority to Borrow Money, Accept Grants, and Issue Associated Revenue Bonds 5004.156
Authority to Borrow Money for Current Expenses 5004.157
No Authority for Ad Valorem Tax 5004.201
Definition 5004.202
Authority to Issue Bonds 5004.203
Provisions of Bond Resolution or Order 5004.204
Form of Bonds 5004.205
Maturity 5004.206
Use of Bond Proceeds 5004.207
Refunding Bonds
Green check means up to date. Up to date

Accessed:
Jun. 5, 2024

§ 5004.156’s source at texas​.gov