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Tex. Spec. Dist. Local Laws Code § 5010.0405

AUTHORITY TO BORROW MONEY, ACCEPT GRANTS, AND ISSUE ASSOCIATED BONDS

Added by Acts 2019, 86th Leg., R.S., Ch. 495 (H.B. 4666), Sec. 1, eff

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.

Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.