Tex. Rev. Civ. Stat. Ann. art. 7861
Bonds: Limit of Issue
Effective Jan 1, 1982Acts 1979, 66th Leg., p. 2317, ch. 841
Said bonds shall not exceed in amount one-fourth of the assessed valuation of the real property of such district.
Acts 1918, 35th Leg., 4th C.S., p. 74, ch. 43;
Acts 1979, 66th Leg., p. 2317, ch. 841, Sec. 4(i), eff. Jan. 1, 1982.