Texas Special District Local Laws Code 6601.151 – Limitation On Debt
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Terms Used In Texas Special District Local Laws Code 6601.151
- Appraisal: A determination of property value.
- Property: means real and personal property. See Texas Government Code 311.005
The total principal amount of bonds that the district may have outstanding at any time may not exceed 10 percent of the assessed value of all taxable property in the district according to the most recent certified appraisal roll of the district.