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

Tex. Special District Local Laws Code § 4026.0503: 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 4026. THE RESERVE MUNICIPAL MANAGEMENT DISTRICT
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, including contract revenues, 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 2025, 89th Leg., R.S., Ch. 535 (H.B. 5696), Sec. 1, eff. September 1, 2025.

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

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