{"data":{"id":"us-tx/tex.-special-district-local-laws-code-3906.201","jurisdiction":"us-tx","citation":"Tex. Special District Local Laws Code § 3906.201","heading":"BORROWING MONEY.","body":"The district may borrow money for a district purpose by issuing or executing bonds, negotiable or nonnegotiable notes, credit agreements, or other obligations of any kind found by the board to be necessary or appropriate for a district purpose. The bond, note, credit agreement, or other obligation must be secured by and payable from any combination of ad valorem taxes, assessments, or any other district revenue or sources of money.\nAdded by Acts 2011, 82nd Leg., R.S., Ch. 1269 (S.B. 1922), Sec. 1, eff. June 17, 2011.","path":["SPECIAL DISTRICT LOCAL LAWS CODE","TITLE 4. DEVELOPMENT AND IMPROVEMENT","SUBTITLE C. DEVELOPMENT, IMPROVEMENT, AND MANAGEMENT","CHAPTER 3906. PORT ISABEL IMPROVEMENT DISTRICT NO. 1","SUBCHAPTER D. GENERAL FINANCIAL PROVISIONS"],"source_url":"https://statutes.capitol.texas.gov/Docs/SD/htm/SD.3906.htm#3906.201","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:41Z","sha256":"0065e776a9ce9a3cc1aa17ffbe6851b823d75d0bac4c78458d72b5c01c204653","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-special-district-local-laws-code-3906.165","next":"us-tx/tex.-special-district-local-laws-code-3906.202"},"notice":"GroundRules: Original legal text. Not legal advice."}