Tex. Spec. Dist. Local Laws Code Section 3813.163
Bonds

(a)

The board may issue bonds as provided by Subchapter J (General Obligation and Revenue Bonds), Chapter 375 (Municipal Management Districts in General), Local Government Code.

(b)

In addition to the sources described in Subchapter J (General Obligation and Revenue Bonds), Chapter 375 (Municipal Management Districts in General), Local Government Code, bonds issued by the district may be secured and made payable, in whole or in part, by a pledge of any part of the net proceeds the district receives from a specified portion of not more than one-half of the district’s maximum sales and use tax amount authorized under Section 3813.152 (Tax Election Procedures).

(c)

Sections 375.207 (Municipal Approval) and 375.208 (Commission Approval), Local Government Code, do not apply to bonds issued under this section.
Acts 2003, 78th Leg., ch. 1277, Sec. 1, eff. April 1, 2005.

Source: Section 3813.163 — Bonds, https://statutes.­capitol.­texas.­gov/Docs/SD/htm/SD.­3813.­htm#3813.­163 (accessed May 18, 2024).

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Accessed:
May 18, 2024

§ 3813.163’s source at texas​.gov