Texas § SD.3822.157 - BONDS AND OTHER OBLIGATIONS
Full text of Texas The Texas Constitution § SD.3822.157 — BONDS AND OTHER OBLIGATIONS, with citation guidance and answers to common questions.
§ SD.3822.157. BONDS AND OTHER OBLIGATIONS
BONDS AND OTHER OBLIGATIONS. (a) The district may issue bonds or other obligations payable wholly or partly 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 power to borrow, 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. Added by Acts 2005, 79th Leg., Ch. 729 (H.B. 2019 ), Sec. 1.03, eff. April 1, 2007.
Frequently Asked Questions About Texas § SD.3822.157
What does The Texas Constitution § SD.3822.157 cover?
Section SD.3822.157 ("BONDS AND OTHER 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.3822.157?
A common citation format is "The Texas Constitution § SD.3822.157" (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.3822.157 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.