Texas § HS.775.071 - LIMITATION ON INDEBTEDNESS
Full text of Texas The Texas Constitution § HS.775.071 — LIMITATION ON INDEBTEDNESS, with citation guidance and answers to common questions.
§ HS.775.071. LIMITATION ON INDEBTEDNESS
LIMITATION ON INDEBTEDNESS. (a) Except as provided by Subsection (b), a district may not contract for an amount of indebtedness in any one year that is in excess of the funds then on hand and anticipated revenues for the year. (b) This section does not apply to Sections 775.051 , 775.072 , 775.076 , 775.077 , 775.078 , and 775.085 . Acts 1989, 71st Leg., ch. 678, Sec. 1, eff. Sept. 1, 1989. Amended by Acts 1999, 76th Leg., ch. 496, Sec. 11, eff. Sept. 1, 1999; Acts 2001, 77th Leg., ch. 1140, Sec. 6, eff. Sept. 1, 2001.
Frequently Asked Questions About Texas § HS.775.071
What does The Texas Constitution § HS.775.071 cover?
Section HS.775.071 ("LIMITATION ON INDEBTEDNESS") 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 § HS.775.071?
A common citation format is "The Texas Constitution § HS.775.071" (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 § HS.775.071 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.