Gavvy: Spec. Dist. Loc. Laws Code, Sec. 1122.159. Debt Limitation.

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Sec. 1122.159. Debt Limitation.

Sec. 1122.159. DEBT LIMITATION. Except as provided by this chapter and Chapter 1207, Government Code, the district may not incur a debt payable from district revenue other than revenue available in the current fiscal year and the immediately following fiscal year of the district.

Added by Acts 2013, 83rd Leg., R.S., Ch. 1306 (H.B. 3793), Sec. 5, eff. September 1, 2013.

Gavvy last updated this database on: Sep 6, 2024