{"data":{"id":"us-tx/tex.-special-district-local-laws-code-3886.152","jurisdiction":"us-tx","citation":"Tex. Special District Local Laws Code § 3886.152","heading":"BORROWING MONEY.","body":"The district may borrow money for a district purpose by issuing or executing bonds, notes, credit agreements, or other obligations of any kind found by the board to be necessary or appropriate for a district purpose. A note, bond, credit agreement, or other obligation must be secured by and payable from ad valorem taxes, assessments, or any other district revenue.\nAdded by Acts 2009, 81st Leg., R.S., Ch. 1077 (H.B. 4752), Sec. 1, eff. September 1, 2009.","path":["SPECIAL DISTRICT LOCAL LAWS CODE","TITLE 4. DEVELOPMENT AND IMPROVEMENT","SUBTITLE C. DEVELOPMENT, IMPROVEMENT, AND MANAGEMENT","CHAPTER 3886. PROSPER MANAGEMENT DISTRICT NO. 1","SUBCHAPTER D. GENERAL FINANCIAL PROVISIONS"],"source_url":"https://statutes.capitol.texas.gov/Docs/SD/htm/SD.3886.htm#3886.152","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:41Z","sha256":"795bb5ded75b8caf44eedb44083aa85037c9430f8684658f7f62594591655f7c","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-special-district-local-laws-code-3886.151","next":"us-tx/tex.-special-district-local-laws-code-3886.153"},"notice":"GroundRules: Original legal text. Not legal advice."}