Sec. 3952.251. DEVELOPMENT AGREEMENT AND CONSENT APPLICATION REQUIRED TO BORROW MONEY OR IMPOSE TAXES OR ASSESSMENTS, INCLUDING BONDS. Before the district may issue bonds, impose taxes or assessments, or borrow money, the district must obtain from the city confirmation that the development agreement and consent application are enforceable and no defaults are known.
Added by Acts 2017, 85th Leg., R.S., Ch. 645 (H.B. 4347), Sec. 1, eff. June 12, 2017.
Structure Texas Statutes
Special District Local Laws Code
Title 4 - Development and Improvement
Subtitle C - Development, Improvement, and Management
Chapter 3952 - Midlothian Municipal Management District No. 3
Subchapter F. General Financial Provisions
Section 3952.252. Borrowing Money
Section 3952.253. General Powers Regarding Payment of District Bonds, Obligations, or Other Costs
Section 3952.254. Petition Required for Financing Services and Improvements With Assessments
Section 3952.256. Nonpotable Water User Charges; City Approval