Sec. 3818.207. BONDS; APPROVAL BY CITY OF HOUSTON. (a) Except as provided by Subsection (b), the district must obtain the approval of the director of public works of the City of Houston for the issuance of bonds for any improvement project.
(b) If the district obtains approval from the governing body of the City of Houston of a capital improvements budget for a period not to exceed five years, the district may finance the capital improvements and issue bonds specified in the budget without further approval from the City of Houston.
Added by Acts 2005, 79th Leg., Ch. 729 (H.B. 2019), Sec. 1.03, eff. April 1, 2007.
Structure Texas Statutes
Special District Local Laws Code
Title 4 - Development and Improvement
Subtitle C - Development, Improvement, and Management
Chapter 3818 - Harris County Improvement District No. 1
Subchapter E. Financial Provisions
Section 3818.201. Notice and Hearing Required
Section 3818.202. Notice of Hearing
Section 3818.203. Hearing Procedure
Section 3818.204. Petition Required for Financing Services and Improvement Projects
Section 3818.205. Authority to Impose Ad Valorem Taxes, Assessments, and Impact Fees
Section 3818.206. Utility Property Exempt From Assessments and Impact Fees
Section 3818.207. Bonds; Approval by City of Houston
Section 3818.209. Assessments and Bond Limit
Section 3818.210. Appeal of Assessment
Section 3818.211. Payment by Exempt Jurisdictions
Section 3818.212. Disbursements and Transfers of Money
Section 3818.213. Money Used for Improvements or Services
Section 3818.214. Operation and Maintenance Tax
Section 3818.215. Authority to Borrow Money and to Issue Bonds
Section 3818.216. Taxes for Bonds
Section 3818.217. Elections Regarding Taxes and Bonds