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

Tex. Special District Local Laws Code § 3917.204: AUTHORITY TO BORROW MONEY AND TO ISSUE BONDS.

Where this section sits in the code

SPECIAL DISTRICT LOCAL LAWS CODE
TITLE 4. DEVELOPMENT AND IMPROVEMENT
SUBTITLE C. DEVELOPMENT, IMPROVEMENT, AND MANAGEMENT For contingent expiration of this chapter, see Sections 3917.002 and 3917.251.
CHAPTER 3917. WESTWOOD MANAGEMENT DISTRICT
SUBCHAPTER E. TAXES AND BONDS

(a) The district may borrow money on terms determined by the board. Section 375.205, Local Government Code, does not apply to a loan, line of credit, or other borrowing from a bank or financial institution secured by revenue other than ad valorem taxes.

(b) The district may issue bonds, notes, or other obligations payable wholly or partly from ad valorem taxes, impact fees, revenue, contract payments, grants, or other district money, or any combination of those sources of money, to pay for any authorized district purpose.

Added by Acts 2013, 83rd Leg., R.S., Ch. 832 (S.B. 1884), Sec. 1, eff. June 14, 2013.

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

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