Sec. 3825.157. 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 3825 - Harris County Road Improvement District No. 1
Subchapter D. Financial Provisions
Section 3825.151. Authority to Impose Ad Valorem Taxes, Assessments, and Impact Fees
Section 3825.152. Elections Regarding Taxes or Bonds
Section 3825.153. Maintenance and Operation Tax
Section 3825.154. Assessments; Liens for Assessments
Section 3825.155. Petition Required for Financing Services and Improvements
Section 3825.156. Utility Property Exempt From Impact Fees and Assessments