Texas Special District Local Laws Code 3963.0501 – Authority to Borrow Money and to Issue Bonds and Other Obligations
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(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.
Terms Used In Texas Special District Local Laws Code 3963.0501
- Contract: A legal written agreement that becomes binding when signed.