Section 3908.201 - Authority to Borrow Money and to Issue Bonds and Other Obligations(a) The district may borrow money on terms determined by the board.(b) The district may issue, without an election, bonds, notes, or other obligations payable wholly or partly from assessments, impact fees, revenue, contract payments, grants, or other district money, or any combination of those sources of money, to pay for any authorized district purpose.Tex. Spec. Dist. Loc. Laws § 3908.201
Added by Acts 2013, 83rd Leg. - Regular Session, ch. 1115,Sec. 1, eff. 6/14/2013.