Texas § 3869.157 BONDS AND OTHER OBLIGATIONS; MUNICIPAL APPROVAL.

Texas Statutes

§ 3869.157 — BONDS AND OTHER OBLIGATIONS; MUNICIPAL APPROVAL.

Texas § 3869.157

Code SDSpecial District Local Laws Code

This text of Texas § 3869.157 (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.

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Tex. Special District Local Laws Code Code Ann. § 3869.157 (2026).

Text

Sec. 3869.157. BONDS AND OTHER OBLIGATIONS; MUNICIPAL APPROVAL.

(a)Except as provided by Sections 3869.159 and 3869.160 , the district may issue by competitive bid or negotiated sale bonds, notes, or other obligations payable wholly or partly from ad valorem taxes, or by assessments in the manner provided by Subchapter A, Chapter 372, or by 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 any other type of obligation.

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

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Sec. 3869.157. BONDS AND OTHER OBLIGATIONS; MUNICIPAL APPROVAL. (a) Except as provided by Sections 3869.159 and 3869.160 , the district may issue by competitive bid or negotiated sale bonds, notes, or other obligations payable wholly or partly from ad valorem taxes, or by assessments in the manner provided by Subchapter A, Chapter 372, or by 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 any 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 money the district receives from system or improvement revenues or from any other source, to the extent authorized by a project development agreement entered into under Section 3869.160 .