Texas § 1301.003 LIMITS ON ISSUANCE OF BONDS.

Texas Statutes

§ 1301.003 — LIMITS ON ISSUANCE OF BONDS.

Texas § 1301.003

Code GVGovernment Code

This text of Texas § 1301.003 (LIMITS ON ISSUANCE OF BONDS.) is published on Counsel Stack Legal Research, covering Texas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Tex. Government Code Code Ann. § 1301.003 (2026).

Text

Sec. 1301.003. LIMITS ON ISSUANCE OF BONDS.

(a)The amounts of bonds issued under this chapter may not exceed:

(1)for courthouse bonds, two percent of the county's taxable values;

(2)for jail bonds, 1-1/2 percent of the county's taxable values;

(3)for joint courthouse and jail bonds, 3-1/2 percent of the county's taxable values; and

(4)for bridge bonds, 1-1/2 percent of the county's taxable values.

(b)In determining the amount of the respective type of bonds to be issued, previous debt incurred for the same purpose as the bonds shall be considered.

(c)A county's total indebtedness for the purposes described by this chapter may not be increased by the issuance of bonds to an amount that exceeds five percent of the county's taxable values.

(d)The county's taxable values are according

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Sec. 1301.003. LIMITS ON ISSUANCE OF BONDS. (a) The amounts of bonds issued under this chapter may not exceed:
(1) for courthouse bonds, two percent of the county's taxable values;
(2) for jail bonds, 1-1/2 percent of the county's taxable values;
(3) for joint courthouse and jail bonds, 3-1/2 percent of the county's taxable values; and
(4) for bridge bonds, 1-1/2 percent of the county's taxable values.
(b) In determining the amount of the respective type of bonds to be issued, previous debt incurred for the same purpose as the bonds shall be considered.
(c) A county's total indebtedness for the purposes described by this chapter may not be increased by the issuance of bonds to an amount that exceeds five percent of the county's taxable values.
(d) The county's taxable values are according to the most recent appraisal roll.

Legislative History

Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.

Nearby Sections

4

§ 1301.001

ISSUANCE AND AUTHORIZATION.

§ 1301.002

SIGNATURES; REGISTRATION BY COUNTY TREASURER.

§ 1301.003

LIMITS ON ISSUANCE OF BONDS.

§ 1301.004

PAYMENT OF INTEREST AND CREATION OF SINKING FUND.

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Bluebook (online)

Texas § 1301.003, Counsel Stack Legal Research, https://law.counselstack.com/statute/tx/GV/1301.003.