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Texas Special District Local Laws Code - SDLL § 6611.202. Limitation on debt

Current as of January 01, 2024 | Updated by Findlaw Staff

The total principal amount of bonds issued under Section 6611.201 that the district may have outstanding at any time may not exceed 15 percent of the assessed value of all taxable property in the district as shown by the most recent appraisal roll of the district. (Acts 61st Leg., R.S., Ch. 11, Sec. 8(a) (part).)

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Cite this article: FindLaw.com - Texas Special District Local Laws Code - SDLL § 6611.202. Limitation on debt - last updated January 01, 2024 | https://codes.findlaw.com/tx/special-district-local-laws-code/sdll-sect-6611-202/

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