Tex. Spec. Dist. Local Laws Code § 3868.201 · Subchapter D. GENERAL FINANCIAL PROVISIONS
BORROWING MONEY; OBLIGATIONS.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) The district may borrow money for a district purpose by issuing bonds, notes, time warrants, or other obligations, or by entering into a contract payable wholly or partly from an assessment, a contract payment, a grant, revenue from a zone created under Chapter 311 or 312, Tax Code, other district revenue, or a combination of these sources.
(b) An obligation described by Subsection (a):
(1) may bear interest at a rate determined by the board; and
(2) may include a term or condition as determined by the board.
Notes and commentary — not statutory text
History
Added by Acts 2011, 82nd Leg., R.S., Ch. 1190 (H.B. 3819), Sec. 1, eff. September 1, 2011.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/SD/htm/SD.3868.htm
- Text hash
- sha256 0a3d6eab06c158fa2d0a40ac2ace5731a7188a3336feff3de1761fb5bdf0ef39
- 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
Cited by 4 provisions
Provisions in this library whose text cites Tex. Spec. Dist. Local Laws Code § 3868.201. Each shows the citation as that text prints it.
Special District Local Laws Code
- Tex. Spec. Dist. Local Laws Code § 3868.005DISTRICT TERRITORY.Printed as Section 3868.201
- Tex. Spec. Dist. Local Laws Code § 3868.006ELIGIBILITY FOR INCLUSION IN SPECIAL ZONES.Printed as Section 3868.201
- Tex. Spec. Dist. Local Laws Code § 3868.202DEVELOPMENT AGREEMENT.Printed as Section 3868.201
- Tex. Spec. Dist. Local Laws Code § 3868.203ASSESSMENTS.Printed as Section 3868.201
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.