Sec. 3963.0501. AUTHORITY TO BORROW MONEY AND TO ISSUE BONDS AND OTHER OBLIGATIONS. (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 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. 1012 (H.B. 4742), Sec. 1, eff. June 14, 2019.
Authority To Borrow Money and To Issue Bonds and Other Obligations
Tex. Special District Local Laws Code § 3963.0501, under Chapter 3963. Sogood Cedars Municipal Management District.
Tex. Special District Local Laws Code § 3963.0501