Tex. Spec. Dist. Local Laws Code § 3894.158 · Subchapter D. GENERAL FINANCIAL PROVISIONS
BONDS AND OTHER OBLIGATIONS; MUNICIPAL APPROVAL.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) Except as provided by Sections 3894.157 and 3894.161, the district may issue, by competitive bid or negotiated sale, bonds, notes, or other obligations payable wholly or partly from ad valorem taxes or assessments in the manner provided by Subchapter A, Chapter 372, or Subchapter J, Chapter 375, Local Government Code.
(b) In exercising the district's borrowing power, the district may issue a bond or other obligation in the form of a bond, note, certificate of participation or other instrument evidencing a proportionate interest in payments to be made by the district, or other type of obligation.
(c) In addition to the sources of money described by Subchapter A, Chapter 372, and Subchapter J, Chapter 375, Local Government Code, district bonds may be secured and made payable wholly or partly by a pledge of any part of the net proceeds the district receives from any other district revenue.
Notes and commentary — not statutory text
History
Added by Acts 2011, 82nd Leg., R.S., Ch. 880 (S.B. 234), Sec. 1, 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/SD/htm/SD.3894.htm
- Text hash
- sha256 0e142e3127c9007a3854b7becd96d76e32e81b13c52875ea7537932960cb1d7c
- 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
Special District Local Laws Code
- Tex. Spec. Dist. Local Laws Code § 3894.157BOND ISSUANCE PLAN REQUIRED BEFORE ISSUING BONDS.Printed as Sections 3894.157 and 3894.161
- Tex. Spec. Dist. Local Laws Code § 3894.161PROJECT DEVELOPMENT AGREEMENT REQUIRED TO IMPOSE TAXES OR BORROW MONEY, INCLUDING BONDS.Printed as Sections 3894.157 and 3894.161
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.