Tex. Special District Local Laws Code § 6906.152: AUTHORITY TO BORROW MONEY AND ISSUE BONDS.

The district, in the manner and to the extent permitted by this chapter, may:

(1) borrow money for any of its corporate purposes;

(2) enter into agreements in connection with the borrowing;

(3) issue its bonds for money borrowed;

(4) provide for and secure the payment of its bonds; and

(5) provide for the rights of the holders of its bonds.

Added by Acts 2007, 80th Leg., R.S., Ch. 920 (H.B. 3166), Sec. 1.06, eff. April 1, 2009.