Texas Statutes
§ 8282.254 — OBLIGATIONS.
Texas § 8282.254
JurisdictionTexas
Code SDSpecial District Local Laws Code
This text of Texas § 8282.254 (OBLIGATIONS.) 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. § 8282.254 (2026).
Text
Sec. 8282.254. OBLIGATIONS.
(a)In this section, "obligation" means a bond, note, lease-purchase agreement, or installment sale obligation of the district.
(b)The principal amount of the district's obligations that are payable from assessments imposed by the district may be in an amount that does not exceed the aggregate appraised value of the property in the district, as established by an independent appraisal by a member of the Appraisal Institute.
(c)The appraised value of the property in the district established for ad valorem tax purposes does not limit the principal amount of the obligations that may be issued by the district under Subsection (b).
(d)The city is not required to pay the principal of and interest on an obligation issued by the district.
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Legislative History
Added by Acts 2009, 81st Leg., R.S., Ch. 1139 (H.B. 2619 ), Sec. 1.04, eff. April 1, 2011.
Nearby Sections
15
§ 8282.001
DEFINITIONS.§ 8282.002
NATURE OF DISTRICT.§ 8282.003
FINDINGS OF BENEFIT AND PUBLIC PURPOSE.§ 8282.051
DISTRICT TERRITORY.§ 8282.052
CITY APPROVAL REQUIRED FOR ANNEXATION.§ 8282.101
COMPOSITION OF BOARD; TERMS.§ 8282.102
VACANCY.§ 8282.103
OFFICERS AND ASSISTANTS.§ 8282.104
COMPENSATION.§ 8282.105
BOARD PROCEDURES.§ 8282.151
MUNICIPAL UTILITY DISTRICT POWERS.§ 8282.153
ROADS.§ 8282.154
IMPROVEMENT PROJECTS AND SERVICES.§ 8282.155
FIRE DEPARTMENT.Cite This Page — Counsel Stack
Bluebook (online)
Texas § 8282.254, Counsel Stack Legal Research, https://law.counselstack.com/statute/tx/SD/8282.254.