Authority To Borrow Money and To Issue Bonds and Other Obligations

Sec. 4026.0503. 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, by public or private sale, bonds, notes, or other obligations payable wholly or partly from ad valorem taxes, assessments, impact fees, revenue, including contract revenues, 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 2025, 89th Leg., R.S., Ch. 535 (H.B. 5696), Sec. 1, eff. September 1, 2025.