Common use of Authority to Issue Bonds Clause in Contracts

Authority to Issue Bonds. The District may issue Bonds only as authorized by the laws of the State of Texas. The District may reimburse a Owner for expenditures authorized by the laws of the State of Texas (including creation expenses, operating advances, facilities design and construction, and expenditures for roads and improvements in aid of roads). .

Authority to Issue Bonds. The District may issue Bonds only as authorized by the laws of the State of Texas. The District may reimburse a Owner provide reimbursements for expenditures authorized by the laws of the State of Texas (including creation expenses, operating advances, facilities design and construction, and expenditures for roads and improvements in aid of roads). .