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

Tex. Water Code § 58.391: AUTHORITY TO BORROW MONEY.

Where this section sits in the code

WATER CODE
TITLE 4. GENERAL LAW DISTRICTS
CHAPTER 58. IRRIGATION DISTRICTS
SUBCHAPTER I. BORROWING MONEY

The board may declare that funds are not available to meet lawfully authorized obligations of the district, thereby creating an existing emergency, and may borrow money at a rate of not more than 10 percent a year on notes of the district to pay obligations.

Added by Acts 1977, 65th Leg., p. 1537, ch. 627, Sec. 1, eff. Aug. 29, 1977.

Collected 2026-08-27T01:47:48Z. Source file · JSON

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