Tex. Spec. Dist. Local Laws Code § 5004.156 · Subchapter D. GENERAL FINANCIAL PROVISIONS
AUTHORITY TO BORROW MONEY FOR CURRENT EXPENSES; EVIDENCE OF OBLIGATION.
Verbatim from the official edition
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) The board may:
(1) borrow money for current expenses; and
(2) evidence the borrowed money by notes or warrants payable not later than the close of the calendar year for which the loan is made.
(b) The total amount of the notes or warrants may not exceed the anticipated revenue.
Notes and commentary — not statutory text
History
Added by Acts 2007, 80th Leg., R.S., Ch. 920 (H.B. 3166), Sec. 1.04, eff. April 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.5004.htm
- Text hash
- sha256 4b6ba901037738632adab822a9370f8dd843f15f83f3e186f3f5eb5d0aa56d9e
- 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
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.