Tex. Spec. Dist. Local Laws Code § 5010.0405 · Subchapter D. GENERAL FINANCIAL PROVISIONS
AUTHORITY TO BORROW MONEY, ACCEPT GRANTS, AND ISSUE ASSOCIATED BONDS.
Text — Current through the 89th 2nd Called Legislative Session, 2025
The district may:
(1) borrow money for the district's corporate purposes consistent with the constitution and general laws of this state;
(2) borrow money or accept a grant from the United States, this state, or an agency or subdivision created or designated by the United States or this state and, in connection with the loan or grant, enter into any agreement the United States, this state, or an agency or subdivision may require; and
(3) make and issue bonds for money borrowed, in the manner and to the extent provided by this chapter.
Notes and commentary — not statutory text
History
Added by Acts 2019, 86th Leg., R.S., Ch. 495 (H.B. 4666), Sec. 1, eff. September 1, 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.5010.htm
- Text hash
- sha256 811e0f298051928185b8bf1bd0820f82de511c947a4c4450025f46f5a414e374
- 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.