Sec. 3848.205. BONDS AND OTHER OBLIGATIONS. (a) The district may issue bonds or other obligations payable wholly or partly from 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 2007, 80th Leg., R.S., Ch. 1315 (S.B. 1123), Sec. 2, eff. June 15, 2007.
Structure Texas Statutes
Special District Local Laws Code
Title 4 - Development and Improvement
Subtitle C - Development, Improvement, and Management
Chapter 3848 - Harris County Improvement District No. 8
Subchapter E. Financial Provisions
Section 3848.201. Disbursements and Transfers of Money
Section 3848.202. Maintenance Tax
Section 3848.203. Assessments; Liens for Assessments
Section 3848.204. Utility Property Exempt From Impact Fees and Assessments
Section 3848.205. Bonds and Other Obligations
Section 3848.206. Limit on Parks and Recreation Bonds
Section 3848.207. Tax and Bond Elections
Section 3848.208. Municipality Not Required to Pay District Obligations