The district may issue bonds, notes, or other obligations to borrow money for any corporate purpose or combination of corporate purposes only in compliance with the methods and procedures provided by this chapter or by other applicable law.
Tex. Water Code § 49.152
PURPOSES FOR BORROWING MONEY
Applied in 1 court decision — leading case Engelman Irrigation District v. Texas Commission on Environmental Quality (2008)
Most recently applied in Engelman Irrigation District v. Texas Commission on Environmental Quality (April 2008)
Added by Acts 1995, 74th Leg., ch. 715, Sec. 2, eff
Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.