Tex. Special District Local Laws Code § 5018.0153
AUTHORITY TO BORROW MONEY, ACCEPT GRANTS, AND ISSUE ASSOCIATED BONDS
Texas · Texas Special District Local Laws Code · Status: effective
Cite this
- Citation
- Tex. Special District Local Laws Code § 5018.0153, AUTHORITY TO BORROW MONEY, ACCEPT GRANTS, AND ISSUE ASSOCIATED BONDS, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/601994
- Permanent ID
ys:prov:601994@1- SHA-256
5d464736f816b528b589633681ef41de0233f7cf67fa7ee24b91f8f5b575a56d
The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.
Full text
(a) The district may:
(1) borrow money for any purpose that is provided by:
(A) this chapter; or
(B) the general laws relating to navigation districts;
(2) borrow money or accept a grant from the United States or from a corporation or agency created or designated by the United States and, in connection with the loan or grant, enter into any agreement the United States or the corporation or agency requires; and
(3) make and issue bonds for money borrowed, in the manner and to the extent provided by this chapter.
(b) The district may make and issue bonds under Subsection (a)(3) that are:
(1) revenue bonds;
(2) tax bonds; or
(3) combination tax-revenue bonds.