1,327 chapters · 31,721 sections in this title.
Tex. Special District Local Laws Code § 1085.158 Depository
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Sec. 1085.158. DEPOSITORY. (a) The board shall select one or more financial institutions to serve as a depository for district money. (b) District money shall be immediately deposited on receipt with a depository institution, except that sufficient money must be remitted to the i…
Tex. Special District Local Laws Code § 1085.159 Authority To Borrow Money
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Sec. 1085.159. AUTHORITY TO BORROW MONEY. The board may contract indebtedness or borrow money for district purposes on the credit of the district or secured by revenues of district hospitals and the hospital system. Added by Acts 2009, 81st Leg., R.S., Ch. 1139 (H.B. 2619), Sec. …
Tex. Special District Local Laws Code § 1085.201 General Obligation Bonds
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Sec. 1085.201. GENERAL OBLIGATION BONDS. The board may issue and sell general obligation bonds in the name and on the faith and credit of the district for any purpose related to the purchase, construction, acquisition, repair, or renovation of improvements and equipping improveme…
Tex. Special District Local Laws Code § 1085.202 Tax To Pay General Obligation Bonds
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Sec. 1085.202. TAX TO PAY GENERAL OBLIGATION BONDS. (a) At the time general obligation bonds are issued under Section 1085.201, the board shall impose an ad valorem tax at a rate sufficient to create an interest and sinking fund and to pay the principal of and interest on the bon…