Tex. Spec. Dist. Local Laws Code Section 6611.202
Limitation on Debt

The total principal amount of bonds issued under Section 6611.201 (Authority to Issue Bonds; Taxes for Bonds) 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.

Added by Acts 2015, 84th Leg., R.S., Ch. 855 (S.B. 1162), Sec. 1.01, eff. April 1, 2017.

Source: Section 6611.202 — Limitation on Debt, https://statutes.capitol.texas.gov/Docs/SD/htm/SD.6611.htm#6611.202 (accessed May 26, 2025).

6611.001
Definitions 6611.002
Nature of District 6611.003
Findings of Benefit and Public Purpose 6611.004
District Territory 6611.051
Composition of Board 6611.052
Duties of County Officials in Connection with District 6611.101
General Powers and Duties 6611.102
District Powers 6611.103
Eminent Domain 6611.104
Cost of Relocating or Altering Property 6611.105
Addition of Territory to District 6611.151
Ad Valorem Tax for Maintenance and Operations 6611.152
Tax Assessor-collector 6611.201
Authority to Issue Bonds 6611.202
Limitation on Debt 6611.203
Maturity 6611.204
Bond Election

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Verified:
May 26, 2025

§ 6611.202. Limitation on Debt's source at texas.gov

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Location: https://texas.public.law/statutes/tex._spec._dist._local_laws_code_section_6611.202

Original Source: Section 6611.202 — Limitation on Debt, https://statutes.capitol.texas.gov/Docs/SD/htm/SD.6611.htm#6611.202 (last accessed May 10, 2025).

Tex. Spec. Dist. Local Laws Code Section 6611.202 Limitation on Debt

Tex. Spec. Dist. Local Laws Code Section 6611.202
Limitation on Debt