Gavvy: Spec. Dist. Loc. Laws Code, Sec. 3952.251. Development Agreement and Consent Application Required to Borrow Money Or Impose Taxes Or Assessments, Including Bonds.

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Sec. 3952.251. Development Agreement and Consent Application Required to Borrow Money Or Impose Taxes Or Assessments, Including Bonds.

Sec. 3952.251. DEVELOPMENT AGREEMENT AND CONSENT APPLICATION REQUIRED TO BORROW MONEY OR IMPOSE TAXES OR ASSESSMENTS, INCLUDING BONDS. Before the district may issue bonds, impose taxes or assessments, or borrow money, the district must obtain from the city confirmation that the development agreement and consent application are enforceable and no defaults are known.

Added by Acts 2017, 85th Leg., R.S., Ch. 645 (H.B. 4347), Sec. 1, eff. June 12, 2017.

Gavvy last updated this database on: Sep 6, 2024