{"data":{"id":"us-tx/tex.-special-district-local-laws-code-3919.203","jurisdiction":"us-tx","citation":"Tex. Special District Local Laws Code § 3919.203","heading":"BORROWING MONEY; OBLIGATIONS.","body":"(a) The district may borrow money for a district purpose, including the acquisition or construction of improvement projects authorized by this chapter and the reimbursement of a person who develops or owns an improvement project authorized by this chapter, without holding an election by issuing bonds, notes, time warrants, or other obligations, or by entering into a contract or other agreement payable wholly or partly from an assessment, a contract payment, a grant, other district revenue, or a combination of these sources.\n(b) An obligation described by Subsection (a):\n(1) may bear interest at a rate determined by the board; and\n(2) may include a term or condition as determined by the board.\nAdded by Acts 2013, 83rd Leg., R.S., Ch. 1308 (H.B. 3914), Sec. 3, eff. September 1, 2013.","path":["SPECIAL DISTRICT LOCAL LAWS CODE","TITLE 4. DEVELOPMENT AND IMPROVEMENT","SUBTITLE C. DEVELOPMENT, IMPROVEMENT, AND MANAGEMENT","CHAPTER 3919. OLD CELINA MUNICIPAL MANAGEMENT DISTRICT NO. 1","SUBCHAPTER D. GENERAL FINANCIAL PROVISIONS; ASSESSMENTS"],"source_url":"https://statutes.capitol.texas.gov/Docs/SD/htm/SD.3919.htm#3919.203","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:41Z","sha256":"1550bc9497783863e089458b8ff84685dfafe5da7d4804404e940b042adb7ad9","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-special-district-local-laws-code-3919.202","next":"us-tx/tex.-special-district-local-laws-code-3919.204"},"notice":"GroundRules: Original legal text. Not legal advice."}