Texas § SD.3874.157 - BONDS AND OTHER OBLIGATIONS
Full text of Texas The Texas Constitution § SD.3874.157 — BONDS AND OTHER OBLIGATIONS, with citation guidance and answers to common questions.
§ SD.3874.157. BONDS AND OTHER OBLIGATIONS
BONDS AND OTHER OBLIGATIONS. (a) Subject to the requirements of Sections 3874.159 and 3874.160 , the district may issue by public or private sale bonds, notes, or other obligations payable wholly or partly from ad valorem taxes, or by assessments in the manner provided by Subchapter A , Chapter 372 , Local Government Code, or Subchapter J, Chapter 375 , Local Government Code. (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 any other type of obligation. (c) In addition to the sources of money described by Subchapter A , Chapter 372 , Local Government Code, and Subchapter J, Chapter 375 , Local Government Code, district bonds may be secured and made payable wholly or partly by a pledge of any part of the money the district receives from system or improvement project revenue or from any other source. Added by Acts 2009, 81st Leg., R.S., Ch. 586 (S.B. 2466 ), Sec. 1, eff. June 19, 2009.
Frequently Asked Questions About Texas § SD.3874.157
What does The Texas Constitution § SD.3874.157 cover?
Section SD.3874.157 ("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.3874.157?
A common citation format is "The Texas Constitution § SD.3874.157" (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.3874.157 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.