Sec. 6604.202. LIMITATION ON DEBT. The total principal amount of bonds issued under Section 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.
Added by Acts 2009, 81st Leg., R.S., Ch. 1139 (H.B. 2619), Sec. 1.03, eff. April 1, 2011.
Structure Texas Statutes
Special District Local Laws Code
Title 6 - Water and Wastewater
Subtitle A - Drainage Districts
Chapter 6604 - Fort Bend County Drainage District
Section 6604.201. Authority to Issue Bonds
Section 6604.202. Limitation on Debt
Section 6604.203. Form of Bonds
Section 6604.205. Election for Bonds Payable From Taxes
Section 6604.206. Issuance of Certain Time Warrants Prohibited