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Current as of April 14, 2021 | Updated by FindLaw Staff
(a) If no petition is presented under Section 55.526 of this code or if the limitation on the power to incur debt is approved at the election, the district, during the limitation period, may not issue bonds under any statute or the constitution in excess of the limited amount except to complete construction work for which bonds may be issued within the limitation.
(b) The board shall issue bonds in excess of the limitation to complete these works only after the commission has approved the plans and specifications of the original and uncompleted works together with the estimates of their cost.
Cite this article: FindLaw.com - Texas Water Code - WATER § 55.528. Operating Under a Limitation on Power to Incur Debt - last updated April 14, 2021 | https://codes.findlaw.com/tx/water-code/water-sect-55-528/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
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