Tex. Spec. Dist. Local Laws Code § 8504.301 · Subchapter G. OBLIGATIONS RELATING TO BORROWED MONEY
GENERAL POWER TO BORROW MONEY.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) The authority may:
(1) borrow money for any corporate purpose from any source; and
(2) issue a note, warrant, bond, certificate of indebtedness, or other form of obligation of the authority as evidence of the borrowed money.
(b) An obligation of the authority under Subsection (a) is payable only from revenue derived from authority improvements and facilities and the operation and services of the improvements and facilities.
Notes and commentary — not statutory text
History
Added by Acts 2013, 83rd Leg., R.S., Ch. 112 (S.B. 1026), Sec. 1.04, eff. April 1, 2015.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/SD/htm/SD.8504.htm
- Text hash
- sha256 6b0061dd68bbf6985e3addee12074a19e00bc00a3c9122a9e5abf4543a6015d9
- 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.