Sec. 3985.0506. BONDS AND OTHER OBLIGATIONS FOR IMPROVEMENT UNDER AGREEMENT. If the improvements financed by an obligation will be constructed or financed pursuant to the imposition of assessments:
(1) the district must enter into an agreement with the city before the issuance of the obligation; and
(2) the obligation may be in the form of bonds, notes, or other obligations, payable wholly or partly from assessments, issued by public or private sale, in the manner provided by Subchapter A, Chapter 372, Local Government Code.
Added by Acts 2019, 86th Leg., R.S., Ch. 472 (H.B. 4680), 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 3985 - Gateway Park Municipal Management District
Section 3985.0501. Tax Election Required
Section 3985.0502. Operation and Maintenance Tax
Section 3985.0503. Authority to Borrow Money and to Issue Bonds and Other Obligations
Section 3985.0504. Bonds Secured by Revenue or Contract Payments
Section 3985.0505. Bonds Secured by Ad Valorem Taxes; Elections
Section 3985.0506. Bonds and Other Obligations for Improvement Under Agreement
Section 3985.0507. Consent of Municipality and Agreement Required