Texas Statutes
Subchapter D. General Financial Provisions
Section 5010.0405. Authority to Borrow Money, Accept Grants, and Issue Associated Bonds

Sec. 5010.0405. AUTHORITY TO BORROW MONEY, ACCEPT GRANTS, AND ISSUE ASSOCIATED BONDS. The district may:
(1) borrow money for the district's corporate purposes consistent with the constitution and general laws of this state;
(2) borrow money or accept a grant from the United States, this state, or an agency or subdivision created or designated by the United States or this state and, in connection with the loan or grant, enter into any agreement the United States, this state, or an agency or subdivision may require; and
(3) make and issue bonds for money borrowed, in the manner and to the extent provided by this chapter.
Added by Acts 2019, 86th Leg., R.S., Ch. 495 (H.B. 4666), Sec. 1, eff. September 1, 2019.

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