(a) The district may:
- (1) borrow money for current expenses; and
- (2) evidence the borrowed money by warrants payable not later than the close of the calendar year for which the loan is made.
- (b) The amount of the warrants may not exceed the anticipated revenue.
Added by Acts 2019, 86th Leg., R.S., Ch. 468 (H.B. 4172), Sec. 1.01, eff. April 1, 2021.