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

Tex. Special District Local Laws Code § 4013.0503: AUTHORITY TO BORROW MONEY AND TO ISSUE BONDS AND OTHER OBLIGATIONS.

Where this section sits in the code

SPECIAL DISTRICT LOCAL LAWS CODE
TITLE 4. DEVELOPMENT AND IMPROVEMENT
SUBTITLE C. DEVELOPMENT, IMPROVEMENT, AND MANAGEMENT
CHAPTER 4013. PURA VIDA MUNICIPAL MANAGEMENT DISTRICT NO. 1
SUBCHAPTER E. TAXES AND BONDS

(a) The district may borrow money on terms determined by the board.

(b) The district may issue, by public or private sale, bonds, notes, or other obligations payable wholly or partly from ad valorem taxes, assessments, 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.

(c) The limitation on the outstanding principal amount of bonds, notes, or other obligations provided by Section 49.4645, Water Code, does not apply to the district.

Added by Acts 2025, 89th Leg., R.S., Ch. 897 (H.B. 5677), Sec. 1, eff. September 1, 2025.

Added by Acts 2025, 89th Leg., R.S., Ch. 1064 (S.B. 3047), Sec. 1, eff. September 1, 2025.

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

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