Tex. Spec. Dist. Local Laws Code § 6601.151 · Subchapter D. BONDS AND TAXES
LIMITATION ON DEBT.
Verbatim from the official edition
Text — Current through the 89th 2nd Called Legislative Session, 2025
The total principal amount of bonds that the district may have outstanding at any time may not exceed 10 percent of the assessed value of all taxable property in the district according to the most recent certified appraisal roll of the district.
Notes and commentary — not statutory text
History
Acts 2003, 78th Leg., ch. 1277, Sec. 1, eff. April 1, 2005.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/SD/htm/SD.6601.htm
- Text hash
- sha256 9dcdfcb2631bae4e4413e0362ee735596745d66f7546df489102e17780064e14
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.