Sec. 3946.251. DEVELOPMENT AGREEMENT REQUIRED TO BORROW MONEY OR IMPOSE ASSESSMENTS. Before the district may issue bonds, impose assessments, or borrow money, the district must obtain from the city confirmation that no defaults under the development agreement are known.
Added by Acts 2017, 85th Leg., R.S., Ch. 607 (H.B. 3136), Sec. 1, eff. September 1, 2017.
Structure Texas Statutes
Special District Local Laws Code
Title 4 - Development and Improvement
Subtitle C - Development, Improvement, and Management
Chapter 3946 - Windsor Hills Municipal Management District No. 1
Subchapter F. General Financial Provisions
Section 3946.251. Development Agreement Required to Borrow Money or Impose Assessments
Section 3946.252. Borrowing Money
Section 3946.253. Bonds and Other Obligations
Section 3946.254. Bond Maturity
Section 3946.255. Issuer Powers for Certain Public Improvements
Section 3946.256. General Powers Regarding Payment of District Bonds, Obligations, or Other Costs
Section 3946.258. Costs for Improvement Projects
Section 3946.259. Residential Property Not Exempt