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

Tex. Special District Local Laws Code § 5018.0154: AUTHORITY TO BORROW MONEY FOR CURRENT EXPENSES; EVIDENCE OF OBLIGATION.

Where this section sits in the code

SPECIAL DISTRICT LOCAL LAWS CODE
TITLE 5. TRANSPORTATION
SUBTITLE A. NAVIGATION DISTRICTS AND PORT AUTHORITIES
CHAPTER 5018. ORANGE COUNTY NAVIGATION AND PORT DISTRICT OF ORANGE COUNTY, TEXAS
SUBCHAPTER D. GENERAL FINANCIAL PROVISIONS

(a) The district may:

(1) borrow money for current expenses; and

(2) evidence the borrowed money by warrants payable not later than the close of the calendar year for which the loan is made.

(b) The amount of the warrants may not exceed the anticipated revenue.

Added by Acts 2019, 86th Leg., R.S., Ch. 468 (H.B. 4172), Sec. 1.01, eff. April 1, 2021.

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