Texas § 8054.0201 BONDS FOR RECREATIONAL FACILITIES.

Texas Statutes

§ 8054.0201 — BONDS FOR RECREATIONAL FACILITIES.

Texas § 8054.0201

Code SDSpecial District Local Laws Code

This text of Texas § 8054.0201 (BONDS FOR RECREATIONAL FACILITIES.) 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. Special District Local Laws Code Code Ann. § 8054.0201 (2026).

Text

Sec. 8054.0201. BONDS FOR RECREATIONAL FACILITIES.

(a)The limitation on the outstanding principal amount of bonds, notes, and other obligations provided by Section 49.4645 (a), Water Code, does not apply to the district.

(b)The outstanding principal amount of bonds, notes, and other obligations issued to finance recreational facilities supported by ad valorem taxes may not exceed:

(1)an amount equal to three percent of the value of the taxable property in the district; or

(2)if supported by contract taxes under Section 49.108 , Water Code, an amount equal to three percent of the value of the taxable property in the districts making payments under the contract.

(c)The amounts described by Subsection (b) are calculated based on the tax rolls of the central appraisal districts at the tim

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Sec. 8054.0201. BONDS FOR RECREATIONAL FACILITIES. (a) The limitation on the outstanding principal amount of bonds, notes, and other obligations provided by Section 49.4645 (a), Water Code, does not apply to the district.
(b) The outstanding principal amount of bonds, notes, and other obligations issued to finance recreational facilities supported by ad valorem taxes may not exceed:
(1) an amount equal to three percent of the value of the taxable property in the district; or
(2) if supported by contract taxes under Section 49.108 , Water Code, an amount equal to three percent of the value of the taxable property in the districts making payments under the contract.
(c) The amounts described by Subsection (b) are calculated based on the tax rolls of the central appraisal districts at the time of the issuance of the bonds, notes, and other obligations.

Legislative History

Added by Acts 2019, 86th Leg., R.S., Ch. 239 (H.B. 1488 ), Sec. 1, eff. September 1, 2019.

Nearby Sections

2

§ 8054.0101

DEFINITIONS.

§ 8054.0201

BONDS FOR RECREATIONAL FACILITIES.

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Bluebook (online)

Texas § 8054.0201, Counsel Stack Legal Research, https://law.counselstack.com/statute/tx/SD/8054.0201.