Sec. 3836.158. BONDS AND OTHER OBLIGATIONS. (a) The district may issue by competitive bid or negotiated sale bonds or other obligations payable wholly or partly from 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 addition to any other terms authorized by the board by bond order or resolution, the proceeds of the district's bonds may be used for a reserve fund, credit enhancement, or capitalized interest for the bonds.
Added by Acts 2007, 80th Leg., R.S., Ch. 821 (S.B. 1969), Sec. 1, eff. June 15, 2007.
Structure Texas Statutes
Special District Local Laws Code
Title 4 - Development and Improvement
Subtitle C - Development, Improvement, and Management
Chapter 3836 - Las Damas Management District
Subchapter D. Financial Provisions
Section 3836.151. Disbursements and Transfers of Money
Section 3836.152. Money Used for Improvements or Services
Section 3836.153. Petition Required for Financing Services and Improvements With Assessments
Section 3836.154. Method of Notice for Hearing
Section 3836.155. Assessments; Liens for Assessments
Section 3836.156. Ad Valorem Tax
Section 3836.157. Utility Property Exempt From Impact Fees or Assessments
Section 3836.158. Bonds and Other Obligations
Section 3836.159. Taxes for Bonds and Other Obligations
Section 3836.160. Tax and Bond Elections