Tex. Spec. Dist. Local Laws Code § 5018.0153 · 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
(a) The district may:
(1) borrow money for any purpose that is provided by:
(A) this chapter; or
(B) the general laws relating to navigation districts;
(2) borrow money or accept a grant from the United States or from a corporation or agency created or designated by the United States and, in connection with the loan or grant, enter into any agreement the United States or the corporation or agency requires; and
(3) make and issue bonds for money borrowed, in the manner and to the extent provided by this chapter.
(b) The district may make and issue bonds under Subsection (a)(3) that are:
(1) revenue bonds;
(2) tax bonds; or
(3) combination tax-revenue bonds.
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.5018.htm
- Text hash
- sha256 16336ae590df6a1edf089574e0127eaa52808aba60c0eba5c368bbd9a39ae5a6
- 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.