Texas Special District Local Laws Code 5012.0154 – Authority to Borrow Money for Current Expenses; Evidence of Obligation
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(a) The authority may:
(1) borrow money for current expenses; and
(2) evidence the borrowed money by warrants.
(b) The total amount of the warrants may not exceed the anticipated revenue.
Terms Used In Texas Special District Local Laws Code 5012.0154
- 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.