Texas · Through 89th 2nd Called Legislative Session, 2025

Tex. Special District Local Laws Code § 1059.161: AUTHORITY TO BORROW MONEY.

Where this section sits in the code

SPECIAL DISTRICT LOCAL LAWS CODE
TITLE 3. HEALTH
SUBTITLE A. HOSPITAL DISTRICTS
CHAPTER 1059. MCCULLOCH COUNTY HOSPITAL DISTRICT
SUBCHAPTER D. GENERAL FINANCIAL PROVISIONS

(a) The district may borrow money for district operating expenses in an amount not to exceed the amount of tax revenue the district expects to receive during the 12-month period following the date the money is borrowed.

(b) The district may pledge all or any part of that tax revenue to repay the amount borrowed.

Added by Acts 2007, 80th Leg., R.S., Ch. 920 (H.B. 3166), Sec. 1.02, eff. April 1, 2009.

Collected 2026-08-27T01:47:41Z. Source file · JSON

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