Tex. Spec. Dist. Local Laws Code § 3846.164 · Subchapter D. SALES AND USE TAX; GENERAL FINANCIAL PROVISIONS
BONDS.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) The board may issue bonds as provided by Subchapter J, Chapter 375, Local Government Code.
(b) In addition to the sources described in Subchapter J, Chapter 375, Local Government Code, bonds issued by the district may be secured and made payable, wholly or partly, by a pledge of all or part of the net proceeds the district receives from:
(1) a specified portion of not more than 75 percent of the maximum sales and use tax amount authorized under Section 3846.152;
(2) a specified portion of not more than 90 percent of the maximum sales and use tax imposed by a development zone;
(3) an ad valorem tax imposed by a development zone;
(4) a hotel occupancy tax;
(5) an event admissions tax;
(6) an event parking tax; and
(7) any other district revenue.
(c) Sections 375.207 and 375.208, Local Government Code, do not apply to bonds issued under this section.
(d) To the extent consistent with the documents authorizing the issuance of the district's bonds, the proceeds of bonds remaining after the payment of the cost of issuing the bonds and all costs associated with the projects for which the bonds were sold may be spent by the district for any lawful purpose or for any project the district is authorized to undertake.
Notes and commentary — not statutory text
History
Added by Acts 2007, 80th Leg., R.S., Ch. 920 (H.B. 3166), Sec. 1.03, eff. April 1, 2009.
Amended by:
Acts 2009, 81st Leg., R.S., Ch. 87 (S.B. 1969), Sec. 21.035, eff. September 1, 2009.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/SD/htm/SD.3846.htm
- Text hash
- sha256 422811bf41356a6fc31e7d82700784daeb3a9c5d99fc58edea6403ec7f9f4c02
- 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.
Local Government Code
- Tex. Loc. Gov't Code ch. 375, subch. JBONDSPrinted as Subchapter J, Chapter 375, Local Government Code
- Tex. Loc. Gov't Code § 375.207MUNICIPAL APPROVAL.Printed as Sections 375.207 and 375.208, Local Government Code
- Tex. Loc. Gov't Code § 375.208COMMISSION APPROVAL.Printed as Sections 375.207 and 375.208, Local Government Code
Special District Local Laws Code
Cited by 2 provisions
Provisions in this library whose text cites Tex. Spec. Dist. Local Laws Code § 3846.164. Each shows the citation as that text prints it.
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