Texas Statutes
§ 7816.0403 — BOND ANTICIPATION NOTES.
Texas § 7816.0403
JurisdictionTexas
Code SDSpecial District Local Laws Code
This text of Texas § 7816.0403 (BOND ANTICIPATION NOTES.) 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. § 7816.0403 (2026).
Text
Sec. 7816.0403. BOND ANTICIPATION NOTES.
(a)In addition to all other methods of acquiring money for district purposes, the district may issue bond anticipation notes for any purpose for which district bonds have been voted or may be issued to refund outstanding bond anticipation notes and the interest on the notes being refunded.
(b)The notes may bear interest at any rate not to exceed the maximum interest rate applicable to the district's authorized bonds.
(c)The district shall pay the notes only from the proceeds of the sale of bonds by the district.
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Legislative History
Added by Acts 2019, 86th Leg., R.S., Ch. 557 (H.B. 4726 ), Sec. 1, eff. June 10, 2019.
Nearby Sections
15
§ 7816.0101
DEFINITIONS.§ 7816.0102
NATURE OF DISTRICT.§ 7816.0103
FINDINGS OF BENEFIT AND PUBLIC PURPOSE.§ 7816.0104
DISTRICT TERRITORY.§ 7816.0105
ALTERATION OF DISTRICT TERRITORY.§ 7816.0106
ANNEXATION OF LAND.§ 7816.0201
COMPOSITION OF BOARD; TERMS.§ 7816.0202
DIRECTOR'S BOND.§ 7816.0203
BOARD PRESIDENT; ABSENCE OF BOARD PRESIDENT.§ 7816.0204
SECRETARY'S DUTIES.§ 7816.0205
TREASURER.§ 7816.0206
VOTE REQUIRED FOR OFFICIAL BOARD ACTION.§ 7816.0208
DISTRICT OFFICE.§ 7816.0209
RECORDS.Cite This Page — Counsel Stack
Bluebook (online)
Texas § 7816.0403, Counsel Stack Legal Research, https://law.counselstack.com/statute/tx/SD/7816.0403.