{"data":{"id":"us-tx/tex.-water-code-55.368","jurisdiction":"us-tx","citation":"Tex. Water Code § 55.368","heading":"LOANS FOR MAINTENANCE AND OPERATING EXPENSES.","body":"The board may borrow money to pay maintenance and operating expenses at an interest rate of not more than 10 percent a year and may pledge as security any of its notes or contracts with water users or accounts against them.\nActs 1971, 62nd Leg., p. 458, ch. 58, Sec. 1, eff. Aug. 30, 1971.","path":["WATER CODE","TITLE 4. GENERAL LAW DISTRICTS","CHAPTER 55. WATER IMPROVEMENT DISTRICTS","SUBCHAPTER H. WATER ASSESSMENTS"],"source_url":"https://statutes.capitol.texas.gov/Docs/WA/htm/WA.55.htm#55.368","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:48Z","sha256":"06bbf93663c7f016d82de7eea5d5cf8d85df59e08e038874c9c4f868688bfa1c","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-water-code-55.367","next":"us-tx/tex.-water-code-55.369"},"notice":"GroundRules: Original legal text. Not legal advice."}