Tex. Spec. Dist. Local Laws Code § 8054.0201 · Subchapter B. BONDS AND OTHER OBLIGATIONS
BONDS FOR RECREATIONAL FACILITIES.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) The limitation on the outstanding principal amount of bonds, notes, and other obligations provided by Section 49.4645(a), Water Code, does not apply to the district.
(b) The outstanding principal amount of bonds, notes, and other obligations issued to finance recreational facilities supported by ad valorem taxes may not exceed:
(1) an amount equal to three percent of the value of the taxable property in the district; or
(2) if supported by contract taxes under Section 49.108, Water Code, an amount equal to three percent of the value of the taxable property in the districts making payments under the contract.
(c) The amounts described by Subsection (b) are calculated based on the tax rolls of the central appraisal districts at the time of the issuance of the bonds, notes, and other obligations.
Notes and commentary — not statutory text
History
Added by Acts 2019, 86th Leg., R.S., Ch. 239 (H.B. 1488), Sec. 1, eff. September 1, 2019.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/SD/htm/SD.8054.htm
- Text hash
- sha256 ff097f17ae597d8d143f604e3ffd28a9840a1ce10e0aa28b59bcc0cf6d2ce57b
- 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
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