{"data":{"id":"us-tx/tex.-special-district-local-laws-code-5012.0154","jurisdiction":"us-tx","citation":"Tex. Special District Local Laws Code § 5012.0154","heading":"AUTHORITY TO BORROW MONEY FOR CURRENT EXPENSES; EVIDENCE OF OBLIGATION.","body":"(a) The authority may:\n(1) borrow money for current expenses; and\n(2) evidence the borrowed money by warrants.\n(b) The total amount of the warrants may not exceed the anticipated revenue.\nAdded by Acts 2019, 86th Leg., R.S., Ch. 468 (H.B. 4172), Sec. 1.01, eff. April 1, 2021.","path":["SPECIAL DISTRICT LOCAL LAWS CODE","TITLE 5. TRANSPORTATION","SUBTITLE A. NAVIGATION DISTRICTS AND PORT AUTHORITIES","CHAPTER 5012. SABINE PASS PORT AUTHORITY","SUBCHAPTER D. GENERAL FINANCIAL PROVISIONS"],"source_url":"https://statutes.capitol.texas.gov/Docs/SD/htm/SD.5012.htm#5012.0154","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:41Z","sha256":"e7f7beb90c5c5f47b1329ac0439c736778dc467ba445022c497e865389058c0c","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-special-district-local-laws-code-5012.0153","next":"us-tx/tex.-special-district-local-laws-code-5012.0201"},"notice":"GroundRules: Original legal text. Not legal advice."}