Texas Statutes
§ 3919.203 — BORROWING MONEY; OBLIGATIONS.
Texas § 3919.203
JurisdictionTexas
Code SDSpecial District Local Laws Code
This text of Texas § 3919.203 (BORROWING MONEY; OBLIGATIONS.) 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. § 3919.203 (2026).
Text
Sec. 3919.203. BORROWING MONEY; OBLIGATIONS.
(a)The district may borrow money for a district purpose, including the acquisition or construction of improvement projects authorized by this chapter and the reimbursement of a person who develops or owns an improvement project authorized by this chapter, without holding an election by issuing bonds, notes, time warrants, or other obligations, or by entering into a contract or other agreement payable wholly or partly from an assessment, a contract payment, a grant, other district revenue, or a combination of these sources.
(b)An obligation described by Subsection (a):
(1)may bear interest at a rate determined by the board; and
(2)may include a term or condition as determined by the board.
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Legislative History
Added by Acts 2013, 83rd Leg., R.S., Ch. 1308 (H.B. 3914 ), Sec. 3, eff. September 1, 2013.
Nearby Sections
15
§ 3919.001
DEFINITIONS.§ 3919.002
CREATION AND NATURE OF DISTRICT.§ 3919.003
PURPOSE; LEGISLATIVE FINDINGS.§ 3919.004
FINDINGS OF BENEFIT AND PUBLIC PURPOSE.§ 3919.005
INITIAL DISTRICT TERRITORY.§ 3919.008
FORM OF CITY APPROVAL.§ 3919.009
CONSTRUCTION OF CHAPTER.§ 3919.051
GOVERNING BODY; TERMS.§ 3919.052
QUALIFICATIONS OF DIRECTOR.§ 3919.053
VACANCY.§ 3919.054
DIRECTOR'S OATH OR AFFIRMATION.§ 3919.055
OFFICERS.§ 3919.056
COMPENSATION; EXPENSES.Cite This Page — Counsel Stack
Bluebook (online)
Texas § 3919.203, Counsel Stack Legal Research, https://law.counselstack.com/statute/tx/SD/3919.203.