Texas § SD.3846.164 - BONDS
Full text of Texas The Texas Constitution § SD.3846.164 — BONDS, with citation guidance and answers to common questions.
§ SD.3846.164. BONDS
BONDS. (a) The board may issue bonds as provided by Subchapter J , Chapter 375 , Local Government Code. (b) In addition to the sources described in Subchapter J , Chapter 375 , Local Government Code, bonds issued by the district may be secured and made payable, wholly or partly, by a pledge of all or part of the net proceeds the district receives from: (1) a specified portion of not more than 75 percent of the maximum sales and use tax amount authorized under Section 3846.152; (2) a specified portion of not more than 90 percent of the maximum sales and use tax imposed by a development zone; (3) an ad valorem tax imposed by a development zone; (4) a hotel occupancy tax; (5) an event admissions tax; (6) an event parking tax; and (7) any other district revenue. (c) Sections 375.207 and 375.208 , Local Government Code, do not apply to bonds issued under this section. (d) To the extent consistent with the documents authorizing the issuance of the district's bonds, the proceeds of bonds remaining after the payment of the cost of issuing the bonds and all costs associated with the projects for which the bonds were sold may be spent by the district for any lawful purpose or for any project the district is authorized to undertake. Added by Acts 2007, 80th Leg., R.S., Ch. 920 (H.B. 3166 ), Sec. 1.03, eff. April 1, 2009. Amended by: Acts 2009, 81st Leg., R.S., Ch. 87 (S.B. 1969 ), Sec. 21.035, eff. September 1, 2009. SUBCHAPTER E. DISSOLUTION
Frequently Asked Questions About Texas § SD.3846.164
What does The Texas Constitution § SD.3846.164 cover?
Section SD.3846.164 ("BONDS") 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.3846.164?
A common citation format is "The Texas Constitution § SD.3846.164" (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.3846.164 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.