Texas Special District Local Laws Code 3848.206 – Limit On Parks and Recreation Bonds
Current as of: 2024 | Check for updates
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Terms Used In Texas Special District Local Laws Code 3848.206
- Appraisal: A determination of property value.
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
Bonds issued to finance parks and recreational facilities may not exceed one percent of the assessed value of the real property in the district according to the most recent certified tax appraisal roll for Harris County.