Authority To Borrow Money and To Issue Bonds

Sec. 3962.0503. AUTHORITY TO BORROW MONEY AND TO ISSUE BONDS. (a) The district may borrow money on terms determined by the board. (b) The district may issue bonds, notes, or other obligations payable wholly or partly from ad valorem taxes, assessments, impact fees, revenue, contract payments, grants, or other district money, or any combination of those sources of money, to pay for any authorized district purpose. Added by Acts 2019, 86th Leg., R.S., Ch. 407 (S.B. 2502), Sec. 1, eff. June 4, 2019.