Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
Section 1069.212 - Authority to Borrow Money(a) Pending receipt of accounts receivable, the board may borrow money for the payment of maintenance and operating expenses of the district.(b) A loan obtained by the district under this section must be repaid not later than one year after the date on which the loan is made.
Tex. Spec. Dist. Loc. Laws § 1069.212
Added by Acts 2011, 82nd Leg., R.S., Ch. 70, Sec. 1.01, eff. 4/1/2013.