Sec. 3828.155. BONDS AND OTHER OBLIGATIONS. (a) The district may issue bonds in the manner provided by Subchapter J, Chapter 375, Local Government Code, except that Sections 375.207 and 375.208 do not apply to bonds issued under this chapter.
(b) In addition to the sources of money described by Subchapter J, Chapter 375, Local Government Code, the bonds of the district may be secured and made payable, wholly or partly, by a pledge of any part of the net proceeds the district receives from the sales and use tax and the hotel occupancy tax authorized by this chapter and from any other district revenues.
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 3828 - Lake View Management and Development District in Henderson County
Subchapter D. General Financial Provisions
Section 3828.151. General Powers Regarding Financial Matters
Section 3828.152. Impact Fees and Assessments; Exemption
Section 3828.153. Maintenance and Operation Tax; Election
Section 3828.154. Use of Surplus Maintenance and Operation Money
Section 3828.155. Bonds and Other Obligations
Section 3828.156. Taxes for Bonds and Other Obligations
Section 3828.157. Inapplicability of Certain Tax Code Provisions