Sec. 3833.351. BONDS AND OTHER OBLIGATIONS. (a) The district may issue bonds payable wholly or partly from ad valorem taxes, 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) 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. 468 (S.B. 1892), Sec. 1, eff. June 17, 2006.
Structure Texas Statutes
Special District Local Laws Code
Title 4 - Development and Improvement
Subtitle C - Development, Improvement, and Management
Chapter 3833 - Espada Development District
Section 3833.351. Bonds and Other Obligations
Section 3833.352. City Consent for Public Improvements Bonds
Section 3833.353. City Not Required to Pay District Obligations
Section 3833.354. Applicability of Municipal Utility Districts Bonds Law
Section 3833.356. Bond Elections; General
Section 3833.357. Bond Election Required