Texas § 3861.158 BONDS AND OTHER OBLIGATIONS; MUNICIPAL APPROVAL.

Texas Statutes

§ 3861.158 — BONDS AND OTHER OBLIGATIONS; MUNICIPAL APPROVAL.

Texas § 3861.158

Code SDSpecial District Local Laws Code

This text of Texas § 3861.158 (BONDS AND OTHER OBLIGATIONS; MUNICIPAL APPROVAL.) 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. § 3861.158 (2026).

Text

Sec. 3861.158. BONDS AND OTHER OBLIGATIONS; MUNICIPAL APPROVAL.

(a)Except as provided by Sections 3861.157 and 3861.161 , the district may issue by competitive bid or negotiated sale bonds, notes, or other obligations payable wholly or partly from ad valorem taxes or assessments in the manner provided by Subchapter A , Chapter 372 or Subchapter J, Chapter 375 , Local Government Code.

(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)In addition to the sources of money described by Subchapter A , Chapter 372 , and Subchapter J, Chapter 375 , Local Governmen

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Sec. 3861.158. BONDS AND OTHER OBLIGATIONS; MUNICIPAL APPROVAL. (a) Except as provided by Sections 3861.157 and 3861.161 , the district may issue by competitive bid or negotiated sale bonds, notes, or other obligations payable wholly or partly from ad valorem taxes or assessments in the manner provided by Subchapter A , Chapter 372 or Subchapter J, Chapter 375 , Local Government Code.
(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) In addition to the sources of money described by Subchapter A , Chapter 372 , and Subchapter J, Chapter 375 , Local Government Code, district bonds may be secured and made payable, wholly or partly, by a pledge of any part of the net proceeds the district receives from any other district revenue.