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Tex. Special District Local Laws Code § 1059.161

AUTHORITY TO BORROW MONEY

Texas · Texas Special District Local Laws Code · Status: effective

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Tex. Special District Local Laws Code § 1059.161, AUTHORITY TO BORROW MONEY, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/588246
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(a) The district may borrow money for district operating expenses in an amount not to exceed the amount of tax revenue the district expects to receive during the 12-month period following the date the money is borrowed. (b) The district may pledge all or any part of that tax revenue to repay the amount borrowed.