Texas Statutes (Last Updated: January 4, 2014) |
SPECIAL DISTRICT LOCAL LAWS CODE |
Title 4. DEVELOPMENT AND IMPROVEMENT |
Subtitle C. DEVELOPMENT, IMPROVEMENT, AND MANAGEMENT |
Chapter 3911. MIDLOTHIAN MUNICIPAL MANAGEMENT DISTRICT NO. 2 |
Subchapter D. GENERAL FINANCIAL PROVISIONS |
Sec. 3911.252. BORROWING MONEY
Latest version.
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The district may borrow money for a district purpose by issuing or executing bonds, notes, credit agreements, or other obligations of any kind found by the board to be necessary or appropriate for a district purpose. The bond, note, credit agreement, or other obligation must be secured by and payable from any combination of ad valorem taxes, assessments, or any other district revenue.
Added by Acts 2011, 82nd Leg., R.S., Ch. 587 , Sec. 1, eff. June 17, 2011.