{"data":{"id":"us-tx/tex.-special-district-local-laws-code-3821.157","jurisdiction":"us-tx","citation":"Tex. Special District Local Laws Code § 3821.157","heading":"BONDS AND OTHER OBLIGATIONS.","body":"(a) The district may issue bonds or other obligations payable wholly or partly from ad valorem taxes, assessments, impact fees, revenue, grants, or other money of the district, or any combination of those sources of money, to pay for any authorized purpose of the district.\n(b) In exercising the district's power to borrow, the district may issue a bond or other obligation in the form of a bond, note, certificate of participation or other instrument evidencing a proportionate interest in payments to be made by the district, or other type of obligation.\nAdded by Acts 2005, 79th Leg., Ch. 729 (H.B. 2019), Sec. 1.03, eff. April 1, 2007.","path":["SPECIAL DISTRICT LOCAL LAWS CODE","TITLE 4. DEVELOPMENT AND IMPROVEMENT","SUBTITLE C. DEVELOPMENT, IMPROVEMENT, AND MANAGEMENT","CHAPTER 3821. DOWNTOWN MIDLAND MANAGEMENT DISTRICT","SUBCHAPTER D. FINANCIAL PROVISIONS"],"source_url":"https://statutes.capitol.texas.gov/Docs/SD/htm/SD.3821.htm#3821.157","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:41Z","sha256":"a809cb7c48a17c40d7b3005e5f28b1d4cd2845b3b85900db07a8e70a2a64ac96","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-special-district-local-laws-code-3821.156","next":"us-tx/tex.-special-district-local-laws-code-3821.158"},"notice":"GroundRules: Original legal text. Not legal advice."}