Sec. 775.071. LIMITATION ON INDEBTEDNESS. (a) Except as provided by Subsection (b), a district may not contract for an amount of indebtedness in any one year that is in excess of the funds then on hand and anticipated revenues for the year.
(b) This section does not apply to Sections 775.051, 775.072, 775.076, 775.077, 775.078, and 775.085.
Acts 1989, 71st Leg., ch. 678, Sec. 1, eff. Sept. 1, 1989. Amended by Acts 1999, 76th Leg., ch. 496, Sec. 11, eff. Sept. 1, 1999; Acts 2001, 77th Leg., ch. 1140, Sec. 6, eff. Sept. 1, 2001.
Structure Texas Statutes
Chapter 775 - Emergency Services Districts
Subchapter E. Finances and Bonds
Section 775.071. Limitation on Indebtedness
Section 775.0735. Disposition of Property
Section 775.074. Ad Valorem Tax
Section 775.0745. Election to Increase Tax Rate
Section 775.075. Reduction of Ad Valorem Tax Rate
Section 775.0751. Sales and Use Tax
Section 775.0752. Sales and Use Tax Election Procedures
Section 775.0753. Sales and Use Tax Effective Date; Boundary Change
Section 775.0754. Sales and Use Tax Agreement With Municipality After Annexation
Section 775.076. Bonds and Notes Authorized
Section 775.077. Election to Approve Bonds and Notes
Section 775.078. Bond Anticipation Notes
Section 775.082. Audit of District in Less Populous Counties
Section 775.0821. Alternative to Audit of District in Less Populous Counties
Section 775.0825. Audit of District in Certain Populous Counties
Section 775.083. Annual Report
Section 775.084. Competitive Bids
Section 775.085. Loan for Real Property or Emergency Services Equipment