Sec. 3824.157. BONDS AND OTHER OBLIGATIONS. (a) The district may issue bonds or other obligations payable wholly or partly 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 power to borrow, 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.
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 3824 - Harborside Management District
Subchapter D. Financial Provisions
Section 3824.151. Disbursements or Transfers of Money
Section 3824.152. Tax and Bond Elections
Section 3824.153. Maintenance and Operation Tax
Section 3824.154. Assessments; Liens for Assessments
Section 3824.155. Petition Required for Financing Services and Improvements
Section 3824.156. Utility Property Exempt From Impact Fees and Assessments
Section 3824.157. Bonds and Other Obligations
Section 3824.158. Municipality Not Required to Pay District Obligations