Texas § 7811.202 AUTHORITY TO ISSUE BONDS AND INCUR INDEBTEDNESS.

Texas Statutes

§ 7811.202 — AUTHORITY TO ISSUE BONDS AND INCUR INDEBTEDNESS.

Texas § 7811.202

Code SDSpecial District Local Laws Code

This text of Texas § 7811.202 (AUTHORITY TO ISSUE BONDS AND INCUR INDEBTEDNESS.) 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. § 7811.202 (2026).

Text

Sec. 7811.202. AUTHORITY TO ISSUE BONDS AND INCUR INDEBTEDNESS.

(a)The district may issue bonds and incur other indebtedness in the manner provided by Section 7803.113 and Subchapter E , Chapter 7803 .

(b)The district shall file with both constituent municipalities a notice of intent to issue bonds or other indebtedness not later than the 20th day before the date of issuance. The notice must state the purpose for which the bonds or other indebtedness are issued and the approximate principal amount of the bonds or indebtedness.

(c)Before the district issues bonds or other indebtedness in an amount of more than $500,000, the district must obtain the approval by resolution of the governing bodies of both constituent municipalities.

(d)Bonds or other indebtedness may not be sold at discoun

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Sec. 7811.202. AUTHORITY TO ISSUE BONDS AND INCUR INDEBTEDNESS. (a) The district may issue bonds and incur other indebtedness in the manner provided by Section 7803.113 and Subchapter E , Chapter 7803 .
(b) The district shall file with both constituent municipalities a notice of intent to issue bonds or other indebtedness not later than the 20th day before the date of issuance. The notice must state the purpose for which the bonds or other indebtedness are issued and the approximate principal amount of the bonds or indebtedness.
(c) Before the district issues bonds or other indebtedness in an amount of more than $500,000, the district must obtain the approval by resolution of the governing bodies of both constituent municipalities.
(d) Bonds or other indebtedness may not be sold at discount from the principal amount without the prior approval of both constituent municipalities.