Sec. 3813.163. BONDS. (a) The board may issue bonds as provided by Subchapter J, Chapter 375, Local Government Code.
(b) In addition to the sources described in Subchapter J, Chapter 375, Local Government Code, bonds issued by the district may be secured and made payable, in whole or in part, by a pledge of any part of the net proceeds the district receives from a specified portion of not more than one-half of the district's maximum sales and use tax amount authorized under Section 3813.152.
(c) Sections 375.207 and 375.208, Local Government Code, do not apply to bonds issued under this section.
Acts 2003, 78th Leg., ch. 1277, Sec. 1, eff. April 1, 2005.
Structure Texas Statutes
Special District Local Laws Code
Title 4 - Development and Improvement
Subtitle C - Development, Improvement, and Management
Chapter 3813 - Old Town Spring Improvement District
Subchapter D. Financial Provisions
Section 3813.151. Sales and Use Tax; Excise Tax
Section 3813.152. Tax Election Procedures
Section 3813.153. Ballot Wording
Section 3813.154. Imposition, Computation, Administration, and Governance of Taxes
Section 3813.156. Abolition of Tax
Section 3813.157. Use of Taxes
Section 3813.158. Effective Date of Tax or Tax Change
Section 3813.159. Ad Valorem Tax Prohibited
Section 3813.160. Fees; Charges
Section 3813.161. Borrowing Money