1331.051 – LIMITATION ON BONDED DEBT: MUNICIPALITY WITH
Texas Government Code § 1331.051
Summary
This law restricts municipalities with populations of 950,000 or more to a maximum bonded debt of 10% of their total appraised property value. It allows these municipalities to issue bonds payable from taxes, even if their charters impose stricter limits on bonded debt. This affects large cities in Texas, enabling them to finance projects while adhering to debt limits.
Applies to municipalities with populations of 950,000 or more.
Limits bonded debt to 10% of total appraised property value.
Overrides stricter municipal charter debt limits.
Frequently Asked Questions
Why Attorneys Choose FlawFinder
Side-by-side with Westlaw and LexisNexis
Feature
FlawFinder
Westlaw
LexisNexis
Monthly price
$19 - $99
$133 - $646
$153 - $399
Contract
None
1-3 year min
1-6 year min
Hidden fees
$0, always
Up to $469/search
$25/mo + per-doc
Police SOPs
✓ 310+ departments
✗
✗
Zero-hallucination AI
✓ CitationGuard
✗
✗
Cancel
One click
Termination fees
No option to cancel
Explain Like I'm 5
In simple terms: Learn about Texas's LIMITATION ON BONDED DEBT: MUNICIPALITY WITH law, including definitions, penalties, and legal implications.. This means people must follow this rule, and breaking it can lead to criminal penalties.
FlawFinder provides legal information, not legal advice. Consult a licensed attorney for specific legal guidance.