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Tex. Special District Local Laws Code § 3895.152

BORROWING MONEY

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

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Tex. Special District Local Laws Code § 3895.152, BORROWING MONEY, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/596759
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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 the district purpose. The bond, note, credit agreement, or other obligation must be secured by and payable from ad valorem taxes, assessments, or other district revenue.