{"data":{"id":"us-tx/tex.-special-district-local-laws-code-3963.0501","jurisdiction":"us-tx","citation":"Tex. Special District Local Laws Code § 3963.0501","heading":"AUTHORITY TO BORROW MONEY AND TO ISSUE BONDS AND OTHER OBLIGATIONS.","body":"(a) The district may borrow money on terms determined by the board.\n(b) The district may issue bonds, notes, or other obligations payable wholly or partly from assessments, impact fees, revenue, contract payments, grants, or other district money, or any combination of those sources of money, to pay for any authorized district purpose.\nAdded by Acts 2019, 86th Leg., R.S., Ch. 1012 (H.B. 4742), Sec. 1, eff. June 14, 2019.","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 3963.0302.","CHAPTER 3963. SOGOOD CEDARS MUNICIPAL MANAGEMENT DISTRICT","SUBCHAPTER E. BONDS"],"source_url":"https://statutes.capitol.texas.gov/Docs/SD/htm/SD.3963.htm#3963.0501","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:41Z","sha256":"83aefaebe37ee7b539859ee5b4fbe44f9d4a737cc19d9e6d58a5c7f3e2776915","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-special-district-local-laws-code-3963.0402","next":"us-tx/tex.-special-district-local-laws-code-3963.0502"},"notice":"GroundRules: Original legal text. Not legal advice."}