Texas § 5018.0153 AUTHORITY TO BORROW MONEY, ACCEPT GRANTS, AND ISSUE ASSOCIATED BONDS.

Texas Statutes

§ 5018.0153 — AUTHORITY TO BORROW MONEY, ACCEPT GRANTS, AND ISSUE ASSOCIATED BONDS.

Texas § 5018.0153

Code SDSpecial District Local Laws Code

This text of Texas § 5018.0153 (AUTHORITY TO BORROW MONEY, ACCEPT GRANTS, AND ISSUE ASSOCIATED BONDS.) 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. § 5018.0153 (2026).

Text

Sec. 5018.0153. AUTHORITY TO BORROW MONEY, ACCEPT GRANTS, AND ISSUE ASSOCIATED BONDS.

(a)The district may:

(1)borrow money for any purpose that is provided by:

(A)this chapter; or

(B)the general laws relating to navigation districts;

(2)borrow money or accept a grant from the United States or from a corporation or agency created or designated by the United States and, in connection with the loan or grant, enter into any agreement the United States or the corporation or agency requires; and

(3)make and issue bonds for money borrowed, in the manner and to the extent provided by this chapter.

(b)The district may make and issue bonds under Subsection (a)(3) that are:

(1)revenue bonds;

(2)tax bonds; or

(3)combination tax-revenue bonds.

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

Sec. 5018.0153. AUTHORITY TO BORROW MONEY, ACCEPT GRANTS, AND ISSUE ASSOCIATED BONDS. (a) The district may:
(1) borrow money for any purpose that is provided by:
(A) this chapter; or
(B) the general laws relating to navigation districts;
(2) borrow money or accept a grant from the United States or from a corporation or agency created or designated by the United States and, in connection with the loan or grant, enter into any agreement the United States or the corporation or agency requires; and
(3) make and issue bonds for money borrowed, in the manner and to the extent provided by this chapter.
(b) The district may make and issue bonds under Subsection (a)(3) that are:
(1) revenue bonds;
(2) tax bonds; or
(3) combination tax-revenue bonds.