{"data":{"id":"us-tx/tex.-special-district-local-laws-code-3834.156","jurisdiction":"us-tx","citation":"Tex. Special District Local Laws Code § 3834.156","heading":"BONDS AND OTHER OBLIGATIONS.","body":"(a) The district may issue bonds or other obligations payable wholly or partly from 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) The district may borrow money according to terms and conditions determined by the board. Section 375.205, Local Government Code, does not apply to a loan, line of credit, or other borrowing from a bank or financial institution secured by revenue other than ad valorem taxes.\nAdded by Acts 2005, 79th Leg., Ch. 861 (S.B. 993), Sec. 1, eff. June 17, 2005.\nAmended by:\nActs 2009, 81st Leg., R.S., Ch. 1082 (H.B. 4771), Sec. 2, eff. June 19, 2009.","path":["SPECIAL DISTRICT LOCAL LAWS CODE","TITLE 4. DEVELOPMENT AND IMPROVEMENT","SUBTITLE C. DEVELOPMENT, IMPROVEMENT, AND MANAGEMENT","CHAPTER 3834. HARRIS COUNTY IMPROVEMENT DISTRICT NO. 5","SUBCHAPTER D. FINANCIAL PROVISIONS"],"source_url":"https://statutes.capitol.texas.gov/Docs/SD/htm/SD.3834.htm#3834.156","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:41Z","sha256":"c345b047a0d83f13c7c7f6085d89ba478df3c97534190e139b5c33f2262864b8","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-special-district-local-laws-code-3834.155","next":"us-tx/tex.-special-district-local-laws-code-3834.157"},"notice":"GroundRules: Original legal text. Not legal advice."}