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Tex. Special District Local Laws Code § 3886.152

BORROWING MONEY

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

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Tex. Special District Local Laws Code § 3886.152, BORROWING MONEY, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/596362
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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.