{"data":{"id":"us-tx/tex.-special-district-local-laws-code-3869.152","jurisdiction":"us-tx","citation":"Tex. Special District Local Laws Code § 3869.152","heading":"BORROWING MONEY.","body":"The district may borrow money for a district purpose included in a project development agreement entered into under Section 3869.160 by issuing or executing bonds, notes, credit agreements, or other obligations of any kind found by the board to be necessary or appropriate for the district purpose. The bond, note, credit agreement, or other obligation must be secured by and payable from ad valorem taxes, assessments, or any combination thereof or from other district revenue.\nAdded by Acts 2009, 81st Leg., R.S., Ch. 888 (S.B. 2550), Sec. 1, eff. June 19, 2009.","path":["SPECIAL DISTRICT LOCAL LAWS CODE","TITLE 4. DEVELOPMENT AND IMPROVEMENT","SUBTITLE C. DEVELOPMENT, IMPROVEMENT, AND MANAGEMENT","CHAPTER 3869. PADRE ISLAND GATEWAY MUNICIPAL MANAGEMENT DISTRICT","SUBCHAPTER D. GENERAL FINANCIAL PROVISIONS"],"source_url":"https://statutes.capitol.texas.gov/Docs/SD/htm/SD.3869.htm#3869.152","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:41Z","sha256":"3e3d3ad55febbbcd7e672d131753ad6f4f2499275eb316a55af2968d74768766","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-special-district-local-laws-code-3869.151","next":"us-tx/tex.-special-district-local-laws-code-3869.153"},"notice":"GroundRules: Original legal text. Not legal advice."}