Section 8501.251. Power to Borrow Money; Evidence of Obligation

TX Spec Dist Code § 8501.251 (2019) (N/A)
Copy with citation
Copy as parenthetical citation

Sec. 8501.251. POWER TO BORROW MONEY; EVIDENCE OF OBLIGATION. The authority may:

(1) borrow money from any source, including an agency of the United States; and

(2) issue a note, warrant, certificate of indebtedness, or other form of obligation of the authority as evidence of the borrowed money.

Acts 2003, 78th Leg., ch. 1277, Sec. 1, eff. April 1, 2005.