Tex. Gov't Code § 3962.0503

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.

Section 3962.0503 - Authority to Borrow Money and to Issue Bonds

(a) The district may borrow money on terms determined by the board.

(b) The district may issue bonds, notes, or other obligations payable wholly or partly from ad valorem taxes, 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. Gov't. Code § 3962.0503

Added by Acts 2019, Texas Acts of the 86th Leg.- Regular Session, ch. 407,Sec. 1, eff. 6/4/2019.