Sec. 3849.160. BONDS AND OTHER OBLIGATIONS. (a) The district may issue 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 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. 949 (H.B. 4004), 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 3849 - International Management District
Subchapter D. Financial Provisions
Section 3849.151. Disbursements and Transfers of Money
Section 3849.152. Money Used for Improvements or Services
Section 3849.153. Petition Required for Financing Services and Improvements With Assessments
Section 3849.154. Method of Notice for Hearing
Section 3849.155. Assessments; Liens for Assessments
Section 3849.156. Assessments Considered Taxes
Section 3849.157. Ad Valorem Tax
Section 3849.158. Utility Property Exempt From Impact Fees and Assessments
Section 3849.159. Use of Electrical or Optical Lines
Section 3849.160. Bonds and Other Obligations
Section 3849.161. Taxes for Bonds and Other Obligations
Section 3849.162. Tax and Bond Elections
Section 3849.163. City of Houston Not Required to Pay District Obligations