§ 1331.051 — LIMITATION ON BONDED DEBT: MUNICIPALITY WITH POPULATION OF 950,000 OR MORE.

Texas § 1331.051

• Jurisdiction: Texas
• Code GV: Government Code

Text

Sec. 1331.051. LIMITATION ON BONDED DEBT: MUNICIPALITY WITH POPULATION OF 950,000 OR MORE. (a) This section applies only to a municipality with a population of 950,000 or more.
(b) The municipality, through the issuance of bonds payable from taxes, may incur total bonded debt in an amount not to exceed 10 percent of the total appraised value of property listed on the most recent appraisal roll for the municipality notwithstanding that the municipal charter limits the total dollar amount of bonded debt to a lesser amount.

Legislative History

Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999. Amended by: Acts 2011, 82nd Leg., R.S., Ch. 1163 (H.B. 2702 ), Sec. 23, eff. September 1, 2011. Acts 2023, 88th Leg., R.S., Ch. 644 (H.B. 4559 ), Sec. 49, eff. September 1, 2023. Acts 2023, 88th Leg., R.S., Ch. 644 (H.B. 4559 ), Sec. 50, eff. September 1, 2023.