The district may borrow funds and issue warrants to pay current expenses. The warrants issued shall be payable not later than the close of any calendar year for which loans are made and may not exceed in total the anticipated revenue of the district.
Tex. Water Code § 60.179
BORROWING FOR CURRENT EXPENSES
Acts 1971, 62nd Leg., p. 110, ch. 58, Sec. 1, 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.