Texas Statutes
Subchapter D. General Financial Provisions
Section 5004.155. Authority to Borrow Money, Accept Grants, and Issue Associated Revenue Bonds

Sec. 5004.155. AUTHORITY TO BORROW MONEY, ACCEPT GRANTS, AND ISSUE ASSOCIATED REVENUE BONDS. The district may:
(1) borrow money for its corporate purpose consistent with the constitution and general laws of this state;
(2) borrow money or accept a grant from the United States or from a corporation or agency created or designated by the United States and, in connection with the loan or grant, enter into any agreement the United States or the corporation or agency requires; and
(3) issue bonds payable from revenue only for the money borrowed under this section.
Added by Acts 2007, 80th Leg., R.S., Ch. 920 (H.B. 3166), Sec. 1.04, eff. April 1, 2009.

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