Texas Special District Local Laws Code 6604.202 – Limitation On Debt
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Terms Used In Texas Special District Local Laws Code 6604.202
- Appraisal: A determination of property value.
- Property: means real and personal property. See Texas Government Code 311.005
The total principal amount of bonds issued under § 6604.201 that the district may have outstanding at any time may not exceed five percent of the assessed value of all taxable property in the district as shown by the most recent appraisal roll of the district.