Texas § SD.3815.158 - OBLIGATIONS
Full text of Texas The Texas Constitution § SD.3815.158 — OBLIGATIONS, with citation guidance and answers to common questions.
§ SD.3815.158. OBLIGATIONS
OBLIGATIONS; APPROVAL BY CITY OF HOUSTON. (a) The district may issue bonds or other obligations payable in whole or in part from ad valorem taxes, assessments, impact fees, revenue, grants, or other money of the district, or any combination of those sources of money, to pay for any authorized purpose of the district. (b) In exercising the district's borrowing power, the district may issue a bond or other 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) Except as provided by Subsection (d), the district must obtain the approval of the City of Houston: (1) for the issuance of a bond for each improvement project; (2) of the plans and specifications of the improvement project to be financed by the bond; and (3) of the plans and specifications of a district improvement project related to: (A) the use of land owned by the City of Houston; (B) an easement granted by the City of Houston; or (C) a right-of-way of a street, road, or highway. (d) If the district obtains the approval of the City of Houston of a capital improvements budget for a specified period not to exceed five years, the district may finance the capital improvements and issue bonds specified in the budget without further approval from the City of Houston. Acts 2003, 78th Leg., ch. 1277, Sec. 1, eff. April 1, 2005.
Frequently Asked Questions About Texas § SD.3815.158
What does The Texas Constitution § SD.3815.158 cover?
Section SD.3815.158 ("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.3815.158?
A common citation format is "The Texas Constitution § SD.3815.158" (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.3815.158 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.