Water Code › Title 4 › Chapter 61 › Subchapter G
Texas Water Code § 61.232
Article Iii, Section 52, Navigation Districts · Bond and Tax Provisions
Outstanding bonds and additional bonds which are authorized may not be more than one-fourth of the assessed value of the real property in the district, as shown by the last tax roll for the district.
Official text of the Texas Water Code as published by the Texas Legislative Council.
Acts 1971, 62nd Leg., p. 110, ch. 58, Sec. 1, eff. Aug. 30, 1971. Amended by Acts 1979, 66th Leg., p. 2321, ch. 841, Sec. 4(r), eff. Jan. 1, 1982.
