84th Texas Legislature, Regular Session, House Bill 4155, Chapter 1239 Page: 12 of 53
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H.B. No. 4155
1 repayment of any cost or expense related to the establishment,
2 administration, and operation of the district and the district's
3 costs or share of the costs of a.district contractual obligation or
4 debt through:
5 (1) a lease, installment purchase contract, or other
6 agreement with any person; or
7 (2) the imposition of taxes, user fees, concessions,
8 rentals, or other revenue or resources of the district.
9 Sec. 3933.252. BORROWING MONEY; OBLIGATIONS. (a) The
10 district may borrow money for a district purpose, including the
11 acquisition or construction of improvement projects authorized by
12 this chapter and the reimbursement of a person who develops or owns
13 an improvement project authorized by this chapter, without holding
14 an election by issuing bonds, notes, time warrants, credit
15 agreements, or other obligations, or by entering into a contract or
16 other agreement payable wholly or partly from an assessment, a
17 contract payment, a grant, revenue from a zone created under
18 Chapter 311 or 312, Tax Code, sales and use taxes, hotel occupancy
19 taxes, other district revenue, or a combination of these sources.
20 (b) An obligation described by Subsection (a):
21 (1) may bear interest at a rate determined by the
22 board; and
23 (2) may include a term or condition as determined by
24 the board.
25 Sec. 3933.253. ASSESSMENTS. (a) Except as provided by
26 Subsection (b), the district may impose an assessment on property
27 in the district, regardless of whether the property is contiguous,12
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Texas. Legislature. House of Representatives. 84th Texas Legislature, Regular Session, House Bill 4155, Chapter 1239, legislative document, June 19, 2015; [Austin, Texas]. (https://texashistory.unt.edu/ark:/67531/metapth705341/m1/12/?rotate=90: accessed July 16, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; crediting UNT Libraries Government Documents Department.