Texas Special District Local Laws Code 5010.0406 – Authority to Borrow Money for Current Expenses; Evidence of Obligation
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(a) The district may:
(1) borrow money for current expenses; and
(2) evidence the borrowed money by warrants.
(b) The amount of the warrants may not exceed the anticipated revenue.
Terms Used In Texas Special District Local Laws Code 5010.0406
- Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.