Texas § 3804.158 OBLIGATIONS; APPROVAL BY CITY OF SUGAR LAND.

Texas Statutes

§ 3804.158 — OBLIGATIONS; APPROVAL BY CITY OF SUGAR LAND.

Texas § 3804.158

Code SDSpecial District Local Laws Code

This text of Texas § 3804.158 (OBLIGATIONS; APPROVAL BY CITY OF SUGAR LAND.) is published on Counsel Stack Legal Research, covering Texas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Tex. Special District Local Laws Code Code Ann. § 3804.158 (2026).

Text

Sec. 3804.158. OBLIGATIONS; APPROVAL BY CITY OF SUGAR LAND.

(a)The district may issue bonds or other obligations payable in whole or in part from ad valorem 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)In exercising the district's borrowing power, the district may issue a bond or other obligation in the form of a bond, note, certificate of participation or other instrument evidencing a proportionate interest in payments to be made by the district, or other type of obligation.

(c)Except as provided by Subsection (d), the district must obtain the approval of the City of Sugar Land:

(1)for the issuance of a bond for each improvement project; and

(2)of t

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Sec. 3804.158. OBLIGATIONS; APPROVAL BY CITY OF SUGAR LAND. (a) The district may issue bonds or other obligations payable in whole or in part from ad valorem 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) In exercising the district's borrowing power, the district may issue a bond or other obligation in the form of a bond, note, certificate of participation or other instrument evidencing a proportionate interest in payments to be made by the district, or other type of obligation.
(c) Except as provided by Subsection (d), the district must obtain the approval of the City of Sugar Land:
(1) for the issuance of a bond for each improvement project; and
(2) of the plans and specifications of the improvement project to be financed by the bond.
(d) If the district obtains the approval of the City of Sugar Land of a capital improvements budget for a specified period not to exceed five years, the district may finance the capital improvements and issue bonds specified in the budget without further approval from the City of Sugar Land.