{"data":{"id":"us-tx/tex.-special-district-local-laws-code-4026.0503","jurisdiction":"us-tx","citation":"Tex. Special District Local Laws Code § 4026.0503","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, by public or private sale, bonds, notes, or other obligations payable wholly or partly from ad valorem taxes, assessments, impact fees, revenue, including contract revenues, 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 2025, 89th Leg., R.S., Ch. 535 (H.B. 5696), Sec. 1, eff. September 1, 2025.","path":["SPECIAL DISTRICT LOCAL LAWS CODE","TITLE 4. DEVELOPMENT AND IMPROVEMENT","SUBTITLE C. DEVELOPMENT, IMPROVEMENT, AND MANAGEMENT","CHAPTER 4026. THE RESERVE MUNICIPAL MANAGEMENT DISTRICT","SUBCHAPTER E. TAXES AND BONDS"],"source_url":"https://statutes.capitol.texas.gov/Docs/SD/htm/SD.4026.htm#4026.0503","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:41Z","sha256":"e37a4bc25981ef3470507ea81477f2a27a2bb824288fc6e689f216d79ca56eec","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-special-district-local-laws-code-4026.0502","next":"us-tx/tex.-special-district-local-laws-code-4026.0504"},"notice":"GroundRules: Original legal text. Not legal advice."}