Tex. Spec. Dist. Local Laws Code § 5012.0154 · 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 authority may:

(1) borrow money for current expenses; and

(2) evidence the borrowed money by warrants.

(b) The total amount of the warrants may not exceed the anticipated revenue.

Notes and commentary — not statutory text

History

Added by Acts 2019, 86th Leg., R.S., Ch. 468 (H.B. 4172), Sec. 1.01, eff. April 1, 2021.

Source of truth

Edition: Current through the 89th 2nd Called Legislative Session, 2025
Official file: https://statutes.capitol.texas.gov/Docs/SD/htm/SD.5012.htm
Text hash: sha256 0498944fbf2f3f79e9f143daa69c986b6781550754c207d6c60d5b1f00c32fb5
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.