Texas § SD.3831.160 - OBLIGATIONS
Full text of Texas The Texas Constitution § SD.3831.160 — OBLIGATIONS, with citation guidance and answers to common questions.
§ SD.3831.160. OBLIGATIONS
OBLIGATIONS. (a) The district may issue obligations, including revenue bonds, to pay the costs of a project located inside or outside the boundaries of the district. The proceeds of bonds or other obligations that are payable wholly or partly from ad valorem taxes may not be used for a project located outside the district. (b) In exercising the district's borrowing power, the district may issue an obligation in the form of a bond, note, certificate of participation or other instrument evidencing a proportionate interest in payments to be made by the district, or other type of obligation. (c) Revenue bonds or other district obligations may be payable from and secured by: (1) revenue derived from the district's operations, including district projects; (2) proceeds of a grant or other funds received by the district; (3) revenue derived from a lease or contract entered into by the district; or (4) assessments collected by the district. (d) Revenue bonds or other district obligations may be secured by a mortgage or deed of trust lien on the district's interest in a project or property, including a fee title or a leasehold interest. (e) The district may issue general obligation bonds if general obligation bonds are authorized by an election held under Subchapter F. (f) For purposes of this chapter, the district: (1) is an issuer under Chapter 1371 , Government Code, and may issue bonds or obligations under that chapter; and (2) may issue refunding bonds or obligations under Chapter 1207 , Government Code. (g) Except for water, sewer, or drainage projects financed by taxes imposed by the district, the district may issue bonds or other obligations and pursue projects without an order of the Texas Commission on Environmental Quality under Section 49.181 (a), Water Code. Added by Acts 2005, 79th Leg., Ch. 729 (H.B. 2019 ), Sec. 1.03, eff. April 1, 2007. Amended by: Acts 2009, 81st Leg., R.S., Ch. 507 (S.B. 1033 ), Sec. 7, eff. June 19, 2009. SUBCHAPTER E. AD VALOREM TAX
Frequently Asked Questions About Texas § SD.3831.160
What does The Texas Constitution § SD.3831.160 cover?
Section SD.3831.160 ("OBLIGATIONS") is part of the The Texas Constitution, the codified statutory law of Texas. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Texas § SD.3831.160?
A common citation format is "The Texas Constitution § SD.3831.160" (Texas). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Texas law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Texas official source linked on this page or consult a licensed Texas attorney.
How does Texas § SD.3831.160 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Texas can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Texas.