Tex. Health & Safety Code § 775.085 · Subchapter E. FINANCES AND BONDS
LOAN FOR REAL PROPERTY OR EMERGENCY SERVICES EQUIPMENT.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) The board, on the behalf of the district, may borrow money and make other financial arrangements to purchase real property or emergency services equipment or construct emergency services facilities in the amount and subject to a rate of interest or other conditions the board considers advisable.
(b) To secure a loan under this section, the board may pledge:
(1) tax revenues or funds on hand that are not otherwise pledged to pay a debt of the district; or
(2) the real property acquired or improved or equipment acquired with the borrowed money.
(c) If tax revenues are pledged to pay a loan, the loan must mature not later than the:
(1) 10th anniversary of the date the loan is made, if the loan is for equipment; or
(2) 20th anniversary of the date the loan is made, if the loan is for real property.
(d) Section 775.077 does not apply to a loan secured under this section, including a loan made before the effective date of this subsection.
Notes and commentary — not statutory text
History
Added by Acts 1999, 76th Leg., ch. 496, Sec. 13, eff. Sept. 1, 1999. Amended by Acts 2001, 77th Leg., ch. 1140, Sec. 8, eff. Sept. 1, 2001; Acts 2003, 78th Leg., ch. 235, Sec. 11, eff. Sept. 1, 2003; Acts 2003, 78th Leg., ch. 930, Sec. 9, eff. Sept. 1, 2003.
Amended by:
Acts 2011, 82nd Leg., R.S., Ch. 639 (S.B. 917), Sec. 13, eff. June 17, 2011.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/HS/htm/HS.775.htm
- Text hash
- sha256 6fbb6290a5317930ed711863efcaec360cb6f6373e9c10a4095403b586c78df2
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
This section cites
Provisions in this library that the text above cites, as it prints each citation. A range cited as “ss. 61.13-61.16” links its first and last provisions.
Cited by 1 provision
Provisions in this library whose text cites Tex. Health & Safety Code § 775.085. Each shows the citation as that text prints it.
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.