Texas Special District Local Laws Code 5010.0405 – Authority to Borrow Money, Accept Grants, and Issue Associated Bonds
Current as of: 2024 | Check for updates
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Terms Used In Texas Special District Local Laws Code 5010.0405
- United States: includes a department, bureau, or other agency of the United States of America. See Texas Government Code 311.005
The district may:
(1) borrow money for the district’s corporate purposes consistent with the constitution and general laws of this state;
(2) borrow money or accept a grant from the United States, this state, or an agency or subdivision created or designated by the United States or this state and, in connection with the loan or grant, enter into any agreement the United States, this state, or an agency or subdivision may require; and
(3) make and issue bonds for money borrowed, in the manner and to the extent provided by this chapter.