Tex. Spec. Dist. Local Laws Code § 7811.202 · Subchapter E. GENERAL FINANCIAL PROVISIONS
AUTHORITY TO ISSUE BONDS AND INCUR INDEBTEDNESS.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) The district may issue bonds and incur other indebtedness in the manner provided by Section 7803.113 and Subchapter E, Chapter 7803.
(b) The district shall file with both constituent municipalities a notice of intent to issue bonds or other indebtedness not later than the 20th day before the date of issuance. The notice must state the purpose for which the bonds or other indebtedness are issued and the approximate principal amount of the bonds or indebtedness.
(c) Before the district issues bonds or other indebtedness in an amount of more than $500,000, the district must obtain the approval by resolution of the governing bodies of both constituent municipalities.
(d) Bonds or other indebtedness may not be sold at discount from the principal amount without the prior approval of both constituent municipalities.
Notes and commentary — not statutory text
History
Added by Acts 2017, 85th Leg., R.S., Ch. 869 (H.B. 2803), Sec. 1.03, eff. April 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.7811.htm
- Text hash
- sha256 9c1debd046a49658d5af38d7c267254acc2542a0d7daacc91731df3f15e32a46
- 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
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Special District Local Laws Code
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