Tex. Spec. Dist. Local Laws Code § 3869.152 · Subchapter D. GENERAL FINANCIAL PROVISIONS
BORROWING MONEY.
Text — Current through the 89th 2nd Called Legislative Session, 2025
The district may borrow money for a district purpose included in a project development agreement entered into under Section 3869.160 by issuing or executing bonds, notes, credit agreements, or other obligations of any kind found by the board to be necessary or appropriate for the district purpose. The bond, note, credit agreement, or other obligation must be secured by and payable from ad valorem taxes, assessments, or any combination thereof or from other district revenue.
Notes and commentary — not statutory text
History
Added by Acts 2009, 81st Leg., R.S., Ch. 888 (S.B. 2550), Sec. 1, eff. June 19, 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.3869.htm
- Text hash
- sha256 2651bda704a717d10aa7235d419564a96679d8556c2dde40ef11b154445e7e58
- 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
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