Section 3836.158 - Bonds and Other Obligations(a) The district may issue by competitive bid or negotiated sale bonds or other obligations payable wholly or partly from taxes, assessments, impact fees, revenue, grants, or other money of the district, or any combination of those sources of money, to pay for any authorized purpose of the district.(b) In addition to any other terms authorized by the board by bond order or resolution, the proceeds of the district's bonds may be used for a reserve fund, credit enhancement, or capitalized interest for the bonds.Tex. Spec. Dist. Loc. Laws § 3836.158
Added by Acts 2007, 80th Leg., R.S., Ch. 821, Sec. 1, eff. 6/15/2007.