Texas § 3933.252 BORROWING MONEY; OBLIGATIONS.

Texas Statutes

§ 3933.252 — BORROWING MONEY; OBLIGATIONS.

Texas § 3933.252

Code SDSpecial District Local Laws Code

This text of Texas § 3933.252 (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. § 3933.252 (2026).

Text

Sec. 3933.252. 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, credit agreements, or other obligations, or by entering into a contract or other agreement payable wholly or partly from an assessment, a contract payment, a grant, revenue from a zone created under Chapter 311 or 312 , Tax Code, sales and use taxes, hotel occupancy taxes, 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

Free access — add to your briefcase to read the full text and ask questions with AI

Sec. 3933.252. 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, credit agreements, or other obligations, or by entering into a contract or other agreement payable wholly or partly from an assessment, a contract payment, a grant, revenue from a zone created under Chapter 311 or 312 , Tax Code, sales and use taxes, hotel occupancy taxes, 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.