1,327 chapters · 31,721 sections in this title.
Tex. Special District Local Laws Code § 1067.155 Annual Audit
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Sec. 1067.155. ANNUAL AUDIT. (a) The board annually shall have an audit made of the district's financial condition. (b) The audit shall be open to inspection at all times at the district's principal office. Added by Acts 2009, 81st Leg., R.S., Ch. 1139 (H.B. 2619), Sec. 1.01, eff…
Tex. Special District Local Laws Code § 1067.156 Depository
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Sec. 1067.156. DEPOSITORY. (a) The board shall select one or more banks to serve as a depository for district money. (b) District money shall be immediately deposited on receipt with a depository bank to pay the principal of and interest on the district's outstanding bonds on or …
Tex. Special District Local Laws Code § 1067.157 Authority To Borrow Money; Security
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Sec. 1067.157. AUTHORITY TO BORROW MONEY; SECURITY. (a) The board may borrow money at a rate not to exceed the maximum annual percentage rate allowed by law for district obligations at the time the loan is made. (b) To secure a loan, the board may pledge: (1) district revenue tha…
Tex. Special District Local Laws Code § 1067.201 General Obligation Bonds
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Sec. 1067.201. GENERAL OBLIGATION BONDS. The board may issue and sell general obligation bonds authorized by an election in the name and on the faith and credit of the district to: (1) purchase, construct, acquire, repair, or renovate buildings or improvements; (2) equip building…