Tex. Spec. Dist. Local Laws Code § 3983.0503 · Subchapter E. BONDS
BONDS AND OTHER OBLIGATIONS FOR IMPROVEMENT UNDER AGREEMENT.
Text — Current through the 89th 2nd Called Legislative Session, 2025
If an improvement will be financed by an obligation and the obligation will be secured by the pledge of assessments, the district must enter into an agreement, which may be the development agreement, governing the financing of the improvement before the issuance of the obligation. An obligation issued under this section may be in the form of bonds, notes, or other obligations, payable wholly or partly from assessments, and may be issued, by public or private sale, in the manner provided by Subchapter A, Chapter 372, Local Government Code.
Notes and commentary — not statutory text
History
Added by Acts 2019, 86th Leg., R.S., Ch. 475 (H.B. 4733), Sec. 1, eff. June 7, 2019.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/SD/htm/SD.3983.htm
- Text hash
- sha256 45c4e90c48185571cdab91178dff1abfe41bc1e467be59bab9b16408af6f22bb
- 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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