{"data":{"id":"us-tx/tex.-special-district-local-laws-code-5004.156","jurisdiction":"us-tx","citation":"Tex. Special District Local Laws Code § 5004.156","heading":"AUTHORITY TO BORROW MONEY FOR CURRENT EXPENSES; EVIDENCE OF OBLIGATION.","body":"(a) The board may:\n(1) borrow money for current expenses; and\n(2) evidence the borrowed money by notes or warrants payable not later than the close of the calendar year for which the loan is made.\n(b) The total amount of the notes or warrants may not exceed the anticipated revenue.\nAdded by Acts 2007, 80th Leg., R.S., Ch. 920 (H.B. 3166), Sec. 1.04, eff. April 1, 2009.","path":["SPECIAL DISTRICT LOCAL LAWS CODE","TITLE 5. TRANSPORTATION","SUBTITLE A. NAVIGATION DISTRICTS AND PORT AUTHORITIES","CHAPTER 5004. CYPRESS VALLEY NAVIGATION DISTRICT","SUBCHAPTER D. GENERAL FINANCIAL PROVISIONS"],"source_url":"https://statutes.capitol.texas.gov/Docs/SD/htm/SD.5004.htm#5004.156","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:41Z","sha256":"acedd3d1f54aa0d016c4f6bb38f46ceeac2da35a146c32c41f294962ec38f753","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-special-district-local-laws-code-5004.155","next":"us-tx/tex.-special-district-local-laws-code-5004.157"},"notice":"GroundRules: Original legal text. Not legal advice."}