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Tex. Special District Local Laws Code § 5004.156

AUTHORITY TO BORROW MONEY FOR CURRENT EXPENSES; EVIDENCE OF OBLIGATION

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

Courts & Civil Procedure
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Tex. Special District Local Laws Code § 5004.156, AUTHORITY TO BORROW MONEY FOR CURRENT EXPENSES; EVIDENCE OF OBLIGATION, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/601748
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(a) The board may: (1) borrow money for current expenses; and (2) evidence the borrowed money by notes or warrants payable not later than the close of the calendar year for which the loan is made. (b) The total amount of the notes or warrants may not exceed the anticipated revenue.