1301.003 – LIMITS ON ISSUANCE OF BONDS. (a) The amounts
Texas Government Code § 1301.003
Summary
This law sets limits on the amount of bonds that counties in Texas can issue for specific purposes, including courthouses, jails, and bridges. It ensures that the total bond amounts do not exceed a certain percentage of the county's taxable values, which helps maintain fiscal responsibility.
Limits courthouse bonds to 2% of taxable values.
Jail and bridge bonds capped at 1.5% of taxable values.
Joint bonds for courthouses and jails limited to 3.5%.
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In simple terms: Learn about Texas's LIMITS ON ISSUANCE OF BONDS. (a) The amounts law, including definitions, penalties, and legal implications.. This means people must follow this rule, and breaking it can lead to criminal penalties.
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