Texas § GV.1231.063 - DEBT AFFORDABILITY STUDY
Full text of Texas The Texas Constitution § GV.1231.063 — DEBT AFFORDABILITY STUDY, with citation guidance and answers to common questions.
§ GV.1231.063. DEBT AFFORDABILITY STUDY
DEBT AFFORDABILITY STUDY. (a) The board, in consultation with the Legislative Budget Board, shall annually prepare a study regarding the state's current debt burden by: (1) analyzing the state's historical debt use and financial and economic resources to determine the amount of additional not self-supporting debt the state can accommodate; and (2) monitoring how annual changes and new debt authorizations affect the mechanism described in Subsection (b). (b) The study must include a mechanism that can be used to determine, at a minimum, the state's debt affordability and serve as a guideline for debt authorizations and debt service appropriations. The mechanism must be designed to calculate: (1) the not self-supporting debt service as a percentage of unrestricted revenues; (2) the ratio of not self-supporting debt to personal income; (3) the amount of not self-supporting debt per capita; (4) the rate of debt retirement; and (5) the ratio of not self-supporting debt service to budgeted or expended general revenue. (c) Not later than February 15 of each year, the board shall submit the annual study to: (1) the governor; (2) the comptroller; (3) the presiding officer of each house of the legislature; and (4) the Senate Committee on Finance and House Appropriations Committee. (d) The annual study submitted under Subsection (c) must include a target and limit ratio for not self-supporting debt service as a percentage of unrestricted revenues. Added by Acts 2007, 80th Leg., R.S., Ch. 991 (S.B. 1332 ), Sec. 5, eff. September 1, 2007. Amended by: Acts 2009, 81st Leg., R.S., Ch. 1416 (S.B. 2064 ), Sec. 2, eff. June 19, 2009.
Frequently Asked Questions About Texas § GV.1231.063
What does The Texas Constitution § GV.1231.063 cover?
Section GV.1231.063 ("DEBT AFFORDABILITY STUDY") is part of the The Texas Constitution, the codified statutory law of Texas. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Texas § GV.1231.063?
A common citation format is "The Texas Constitution § GV.1231.063" (Texas). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Texas law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Texas official source linked on this page or consult a licensed Texas attorney.
How does Texas § GV.1231.063 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Texas can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Texas.