1,327 chapters · 31,721 sections in this title.
Tex. Special District Local Laws Code § 1015.160 Spending and Investment Restrictions
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Sec. 1015.160. SPENDING AND INVESTMENT RESTRICTIONS. (a) Except as otherwise provided by Sections 1015.110, 1015.161, 1015.201, 1015.204, and 1015.205, the district may not incur a debt payable from district revenue other than the revenue on hand or to be on hand in the current a…
Tex. Special District Local Laws Code § 1015.161 Authority To Borrow Money; Security
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Sec. 1015.161. 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 if the board declares that money is not available to meet authorized …
Tex. Special District Local Laws Code § 1015.201 General Obligation Bonds
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Sec. 1015.201. GENERAL OBLIGATION BONDS. If authorized by an election, the board may issue and sell general obligation bonds in the name and on the faith and credit of the district to: (1) purchase, construct, acquire, repair, or renovate buildings or improvements; and (2) equip …
Tex. Special District Local Laws Code § 1015.202 Tax To Pay General Obligation Bonds
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Sec. 1015.202. TAX TO PAY GENERAL OBLIGATION BONDS. (a) At the time general obligation bonds are issued by the district under Section 1015.201, the board shall impose an ad valorem tax at a rate sufficient to create an interest and sinking fund to pay the principal of and interes…