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2025 Texas Statutes
Agriculture Code
Title 4 - Agricultural Organizations
Chapter 60 - Texas Agricultural Development Districts
Subchapter E. Finances; Bonds
Section 60.101. Miscellaneous Financial Powers and Duties
Universal Citation:
TX Agric Code § 60.101 (2025)
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Sec. 60.101. MISCELLANEOUS FINANCIAL POWERS AND DUTIES. (a) The district may:
(1) impose a charge for using land, a facility, or a service the district provides;
(2) issue bonds as provided by this subchapter;
(3) borrow money for any corporate purpose or combination of purposes;
(4) loan money;
(5) invest money under its control in an investment permitted by Chapter 2256, Government Code;
(6) select a depositor;
(7) establish a system of accounts for the district; and
(8) set the fiscal year for the district.
(b) The board by rule shall establish the procedure and number of directors' signatures required to disburse or transfer district money.
Added by Acts 2001, 77th Leg., ch. 1393, Sec. 1, eff. June 16, 2001.
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