Sec. 3983.0504. CONSENT OF MUNICIPALITY REQUIRED. (a) The board may not issue bonds until each municipality in whose corporate limits or extraterritorial jurisdiction the district is located has consented by ordinance or resolution to the creation of the district and to the inclusion of land in the district.
(b) This section applies only to the district's first issuance of bonds.
Added by Acts 2019, 86th Leg., R.S., Ch. 475 (H.B. 4733), Sec. 1, eff. June 7, 2019.
Structure Texas Statutes
Special District Local Laws Code
Title 4 - Development and Improvement
Subtitle C - Development, Improvement, and Management
Chapter 3983 - Oak Farms Municipal Management District
Section 3983.0501. Authority to Borrow Money and to Issue Bonds and Other Obligations
Section 3983.0502. Bonds Secured by Revenue or Contract Payments
Section 3983.0503. Bonds and Other Obligations for Improvement Under Agreement