Sec. 3892.209. BONDS AND OTHER OBLIGATIONS. (a) The district may issue bonds, notes, or other obligations in accordance with Subchapter J, Chapter 375, Local Government Code, payable wholly or partly from assessments, impact fees, revenue, grants, or other money of the district, or any combination of these sources of money, to pay for any authorized district purpose.
(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 2009, 81st Leg., R.S., Ch. 1101 (H.B. 4828), Sec. 1, eff. June 19, 2009.
Structure Texas Statutes
Special District Local Laws Code
Title 4 - Development and Improvement
Subtitle C - Development, Improvement, and Management
Chapter 3892 - Harris County Improvement District No. 21
Subchapter E. Financial Provisions
Section 3892.201. Authority to Impose Assessments, Ad Valorem Taxes, and Impact Fees
Section 3892.202. Disbursements and Transfers of Money
Section 3892.203. Assessment in Part of District
Section 3892.204. Petition Required for Assessment and for Financing Services and Improvements
Section 3892.205. Maintenance Tax
Section 3892.206. Assessments; Liens for Assessments
Section 3892.207. Property of Certain Utilities Exempt From Assessment and Impact Fees
Section 3892.208. Use of Electrical or Optical Lines
Section 3892.209. Bonds and Other Obligations
Section 3892.210. Limits on Parks and Recreation Bonds
Section 3892.211. Tax and Bond Elections
Section 3892.213. Municipality Not Required to Pay District Obligations