{"data":{"id":"us-tx/tex.-special-district-local-laws-code-6611.202","jurisdiction":"us-tx","citation":"Tex. Special District Local Laws Code § 6611.202","heading":"LIMITATION ON DEBT.","body":"The total principal amount of bonds issued under Section 6611.201 that the district may have outstanding at any time may not exceed 15 percent of the assessed value of all taxable property in the district as shown by the most recent appraisal roll of the district.\nAdded by Acts 2015, 84th Leg., R.S., Ch. 855 (S.B. 1162), Sec. 1.01, eff. April 1, 2017.","path":["SPECIAL DISTRICT LOCAL LAWS CODE","TITLE 6. WATER AND WASTEWATER","SUBTITLE A. DRAINAGE DISTRICTS","CHAPTER 6611. WILLACY COUNTY DRAINAGE DISTRICT NO. 2","SUBCHAPTER E. BONDS"],"source_url":"https://statutes.capitol.texas.gov/Docs/SD/htm/SD.6611.htm#6611.202","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:41Z","sha256":"9be3902ea18da6ab0aef354f8c44b9e0b59cb65d911c4e51397c115a7d77b13d","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-special-district-local-laws-code-6611.201","next":"us-tx/tex.-special-district-local-laws-code-6611.203"},"notice":"GroundRules: Original legal text. Not legal advice."}