Texas Statutes
§ 5018.0154 — AUTHORITY TO BORROW MONEY FOR CURRENT EXPENSES; EVIDENCE OF OBLIGATION.
Texas § 5018.0154
JurisdictionTexas
Code SDSpecial District Local Laws Code
This text of Texas § 5018.0154 (AUTHORITY TO BORROW MONEY FOR CURRENT EXPENSES; EVIDENCE OF OBLIGATION.) 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. § 5018.0154 (2026).
Text
Sec. 5018.0154. AUTHORITY TO BORROW MONEY FOR CURRENT EXPENSES; EVIDENCE OF OBLIGATION.
(a)The district may:
(1)borrow money for current expenses; and
(2)evidence the borrowed money by warrants payable not later than the close of the calendar year for which the loan is made.
(b)The amount of the warrants may not exceed the anticipated revenue.
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Legislative History
Added by Acts 2019, 86th Leg., R.S., Ch. 468 (H.B. 4172 ), Sec. 1.01, eff. April 1, 2021.
Nearby Sections
15
§ 5018.0001
DEFINITIONS.§ 5018.0002
FINDINGS OF BENEFIT AND PURPOSE.§ 5018.0003
DISTRICT TERRITORY.§ 5018.0004
LIBERAL CONSTRUCTION OF CHAPTER.§ 5018.0051
BOARD OF COMMISSIONERS; TERM; ELECTION.§ 5018.0052
COMPOSITION OF BOARD; QUALIFICATIONS.§ 5018.0053
POLLING PLACES.§ 5018.0054
COMMISSIONER'S OATH AND BOND.§ 5018.0055
COMPENSATION OF COMMISSIONERS; EXPENSES.§ 5018.0056
VACANCIES.§ 5018.0057
OFFICERS AND EMPLOYEES.§ 5018.0058
OFFICER'S OR EMPLOYEE'S SURETY BOND.§ 5018.0059
DISTRICT OFFICE.§ 5018.0060
CONFLICT OF INTEREST; CRIMINAL PENALTY.§ 5018.0101
GENERAL AND NAVIGATION DISTRICT POWERS.Cite This Page — Counsel Stack
Bluebook (online)
Texas § 5018.0154, Counsel Stack Legal Research, https://law.counselstack.com/statute/tx/SD/5018.0154.