Sec. 6611.202. LIMITATION ON DEBT. 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. Added by Acts 2015, 84th Leg., R.S., Ch. 855 (S.B. 1162), Sec. 1.01, eff. April 1, 2017.
Limitation On Debt
Tex. Special District Local Laws Code § 6611.202, under Chapter 6611. Willacy County Drainage District No. 2.
Tex. Special District Local Laws Code § 6611.202