Section 3985.0506 - Bonds and Other Obligations for Improvement Under Agreement If the improvements financed by an obligation will be constructed or financed pursuant to the imposition of assessments:
(1) the district must enter into an agreement with the city before the issuance of the obligation; and(2) the obligation may be in the form of bonds, notes, or other obligations, payable wholly or partly from assessments, issued by public or private sale, in the manner provided by Subchapter A, Chapter 372, Local Government Code.Tex. Spec. Dist. Loc. Laws § 3985.0506
Added by Acts 2019, Texas Acts of the 86th Leg.- Regular Session, ch. 472,Sec. 1, eff. 6/7/2019.