Texas Special District Local Laws Code
§ 1063.209 — TAX ANTICIPATION NOTES
SD § 1063.209Title 3. HEALTH · Part A. HOSPITAL DISTRICTS · Ch. 1063. MONTGOMERY COUNTY HOSPITAL DISTRICT · Art. E. BONDS
Statute text
View on source(a)The board may:
(1)declare an emergency because money is not available to:
(A)pay the principal of and interest on any district bonds payable wholly or partly from taxes; or
(B)meet any other needs of the district; and
(2)issue negotiable tax anticipation notes to borrow the money the district needs.
(b)Tax anticipation notes may be issued for any purpose for which the district may impose taxes.
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Legislative history
Added by Acts 2009, 81st Leg., R.S., Ch. 1139 (H.B. 2619), Sec. 1.01, eff. April 1, 2011.