{"data":{"id":"us-tx/tex.-special-district-local-laws-code-3901.207","jurisdiction":"us-tx","citation":"Tex. Special District Local Laws Code § 3901.207","heading":"AUTHORITY TO ISSUE BONDS AND OTHER OBLIGATIONS.","body":"(a) The district may issue by competitive bid or negotiated sale bonds, notes, or other obligations payable wholly or partly from taxes, assessments, fees, revenue, contract payments, grants, or other district money, or any combination of those sources of money, to pay for any authorized district purpose.\n(b) In addition to any other terms authorized by the board by bond order or resolution, the proceeds of the district's bonds may be used for a reserve fund, credit enhancement, or capitalized interest for the bonds.\n(c) The limitation on the outstanding principal amount of bonds, notes, and other obligations provided by Section 49.4645, Water Code, does not apply to the district.\nAdded by Acts 2011, 82nd Leg., R.S., Ch. 861 (H.B. 3842), Sec. 1, eff. June 17, 2011.","path":["SPECIAL DISTRICT LOCAL LAWS CODE","TITLE 4. DEVELOPMENT AND IMPROVEMENT","SUBTITLE C. DEVELOPMENT, IMPROVEMENT, AND MANAGEMENT","CHAPTER 3901. BRIDGELAND MANAGEMENT DISTRICT","SUBCHAPTER D. GENERAL FINANCIAL PROVISIONS; ASSESSMENTS"],"source_url":"https://statutes.capitol.texas.gov/Docs/SD/htm/SD.3901.htm#3901.207","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:41Z","sha256":"82fd2d6cd89df6cdcac86eb4027bb002c73f123b6e6850e8dabb9562ae621b7c","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-special-district-local-laws-code-3901.206","next":"us-tx/tex.-special-district-local-laws-code-3901.208"},"notice":"GroundRules: Original legal text. Not legal advice."}