{"data":{"id":"us-tx/tex.-special-district-local-laws-code-3911.252","jurisdiction":"us-tx","citation":"Tex. Special District Local Laws Code § 3911.252","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. 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.\nAdded by Acts 2011, 82nd Leg., R.S., Ch. 587 (H.B. 3852), Sec. 1, eff. June 17, 2011.","path":["SPECIAL DISTRICT LOCAL LAWS CODE","TITLE 4. DEVELOPMENT AND IMPROVEMENT","SUBTITLE C. DEVELOPMENT, IMPROVEMENT, AND MANAGEMENT For contingent expiration of this chapter, see Section 3911.002.","CHAPTER 3911. MIDLOTHIAN MUNICIPAL MANAGEMENT DISTRICT NO. 2","SUBCHAPTER D. GENERAL FINANCIAL PROVISIONS"],"source_url":"https://statutes.capitol.texas.gov/Docs/SD/htm/SD.3911.htm#3911.252","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:41Z","sha256":"6074e11ef6cccc5c0e624440dbba4f5edc4f1bd7e8451661adef74d2394ac011","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-special-district-local-laws-code-3911.251","next":"us-tx/tex.-special-district-local-laws-code-3911.253"},"notice":"GroundRules: Original legal text. Not legal advice."}