Tex. Spec. Dist. Local Laws Code Section 3842.157
Bonds and Other Obligations

(a)

The district may issue by competitive bid or negotiated sale bonds or other obligations payable wholly or partly from taxes, assessments, impact fees, revenue, grants, or other money of the district, or any combination of those sources of money, to pay for any authorized purpose of the district.

(b)

Section 375.243 (Petition Required for Bond Election), Local Government Code, does not apply to the district.

(c)

The limitation on the outstanding principal amount of bonds, notes, and other obligations provided by Section 49.4645 (District in Certain Counties: Bonds for Recreational Facilities)(a), Water Code, does not apply to the district.

Added by Acts 2007, 80th Leg., R.S., Ch. 589 (S.B. 1999), Sec. 2, eff. June 16, 2007.

Source: Section 3842.157 — Bonds and Other Obligations, https://statutes.capitol.texas.gov/Docs/SD/htm/SD.3842.htm#3842.157 (accessed May 18, 2024).

3842.001
Definitions 3842.002
Nasa Area Management District 3842.003
Purpose 3842.004
Findings of Benefit and Public Purpose 3842.005
District Territory 3842.006
Eligibility for Inclusion in Special Zones 3842.007
Applicability of Municipal Management Districts Law 3842.008
Liberal Construction of Chapter 3842.051
Composition 3842.052
Appointment of Directors 3842.053
Nonvoting Directors 3842.054
Quorum 3842.101
Additional Powers of District 3842.102
Nonprofit Corporation 3842.103
Agreements 3842.104
Authority to Contract for Law Enforcement 3842.105
Approval by City of Nassau Bay 3842.106
Membership in Charitable Organizations 3842.107
Economic Development Programs and Other Powers Related to Planning and Development 3842.108
Annexation 3842.109
No Eminent Domain 3842.151
Disbursements and Transfers of Money 3842.152
Money Used for Improvements or Services 3842.153
Petition Required for Financing Services and Improvements with Assessments 3842.154
Method of Notice for Hearing 3842.155
Assessments 3842.156
Utility Property Exempt from Impact Fees and Assessments 3842.157
Bonds and Other Obligations 3842.158
City Not Required to Pay District Obligations 3842.159
Competitive Bidding 3842.160
Tax and Assessment Abatements 3842.161
Tax Increment Financing Powers 3842.201
Meanings of Words and Phrases 3842.202
Applicability of Certain Tax Code Provisions 3842.203
Authorization 3842.204
Abolishing Sales and Use Tax 3842.205
Sales and Use Tax Rate 3842.251
Dissolution of District with Outstanding Debt

Accessed:
May 18, 2024

§ 3842.157’s source at texas.gov

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Location: https://texas.public.law/statutes/tex._spec._dist._local_laws_code_section_3842.157

Original Source: Section 3842.157 — Bonds and Other Obligations, https://statutes.capitol.texas.gov/Docs/SD/htm/SD.3842.htm#3842.157 (last accessed May 18, 2024).