Sec. 3962.0503. AUTHORITY TO BORROW MONEY AND TO ISSUE BONDS. (a) The district may borrow money on terms determined by the board.
(b) The district may issue bonds, notes, or other obligations payable wholly or partly from ad valorem taxes, assessments, impact fees, revenue, contract payments, grants, or other district money, or any combination of those sources of money, to pay for any authorized district purpose.
Added by Acts 2019, 86th Leg., R.S., Ch. 407 (S.B. 2502), Sec. 1, eff. June 4, 2019.
Structure Texas Statutes
Special District Local Laws Code
Title 4 - Development and Improvement
Subtitle C - Development, Improvement, and Management
Chapter 3962 - West Pecos Management District
Section 3962.0501. Tax Election Required
Section 3962.0502. Operation and Maintenance Tax
Section 3962.0503. Authority to Borrow Money and to Issue Bonds
Section 3962.0504. Bonds Secured by Revenue or Contract Payments
Section 3962.0505. Bonds Secured by Ad Valorem Taxes; Elections