Sec. 3814.156. OBLIGATIONS. (a) The district may issue bonds or other obligations payable in whole or in part from ad valorem taxes, assessments, impact fees, revenue, grants, or other money of the district, or any combination of those sources of money, to pay for any authorized purpose of the district.
(b) In exercising the district's borrowing power, the district may issue a bond or other obligation in the form of a bond, note, certificate of participation or other instrument evidencing a proportionate interest in payments to be made by the district, or other type of obligation.
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 3814 - Harris County Improvement District No. 4
Subchapter D. Financial Provisions
Section 3814.151. Petition Required for Financing Services and Improvements With Assessments
Section 3814.152. Disbursements and Transfers of Money
Section 3814.153. Maintenance Tax
Section 3814.154. Assessments; Liens for Assessments
Section 3814.155. Utility Property Exempt From Impact Fees and Assessments
Section 3814.157. Municipality Not Required to Pay District Obligations