Tex. Spec. Dists. Code § 3886.152
Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
The district may borrow money for a district purpose by issuing or executing bonds, notes, credit agreements, or other obligations of any kind found by the board to be necessary or appropriate for a district purpose. A note, bond, credit agreement, or other obligation must be secured by and payable from ad valorem taxes, assessments, or any other district revenue.
Tex. Spec. Dist. Loc. Laws § 3886.152