{"data":{"id":"us-tx/tex.-special-district-local-laws-code-3868.201","jurisdiction":"us-tx","citation":"Tex. Special District Local Laws Code § 3868.201","heading":"BORROWING MONEY; OBLIGATIONS.","body":"(a) The district may borrow money for a district purpose by issuing bonds, notes, time warrants, or other obligations, or by entering into a contract payable wholly or partly from an assessment, a contract payment, a grant, revenue from a zone created under Chapter 311 or 312, Tax Code, other district revenue, or a combination of these sources.\n(b) An obligation described by Subsection (a):\n(1) may bear interest at a rate determined by the board; and\n(2) may include a term or condition as determined by the board.\nAdded by Acts 2011, 82nd Leg., R.S., Ch. 1190 (H.B. 3819), Sec. 1, eff. September 1, 2011.","path":["SPECIAL DISTRICT LOCAL LAWS CODE","TITLE 4. DEVELOPMENT AND IMPROVEMENT","SUBTITLE C. DEVELOPMENT, IMPROVEMENT, AND MANAGEMENT","CHAPTER 3868. VALENCIA MUNICIPAL MANAGEMENT DISTRICT NO. 1","SUBCHAPTER D. GENERAL FINANCIAL PROVISIONS"],"source_url":"https://statutes.capitol.texas.gov/Docs/SD/htm/SD.3868.htm#3868.201","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:41Z","sha256":"fec7d55bf4fbe8bcbb108f50b6e836a3c51a053e30f431a5d57673f16e5e1f31","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-special-district-local-laws-code-3868.156","next":"us-tx/tex.-special-district-local-laws-code-3868.202"},"notice":"GroundRules: Original legal text. Not legal advice."}