Tex. Spec. Dist. Local Laws Code § 5018.0154 · 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 district may:
(1) borrow money for current expenses; and
(2) evidence the borrowed money by warrants payable not later than the close of the calendar year for which the loan is made.
(b) The 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.5018.htm
- Text hash
- sha256 77ab3425b4adb4b3318dab06344f7689f22ab023bcc467a7f2e87bd644c58286
- 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.