Texas § LG.254.054 - LIMITATION ON AGGREGATE AMOUNT OF EXPENSE NOTES
Full text of Texas The Texas Constitution § LG.254.054 — LIMITATION ON AGGREGATE AMOUNT OF EXPENSE NOTES, with citation guidance and answers to common questions.
§ LG.254.054. LIMITATION ON AGGREGATE AMOUNT OF EXPENSE NOTES
LIMITATION ON AGGREGATE AMOUNT OF EXPENSE NOTES. The aggregate amount of expense notes issued under Section 254.053 (2) that are outstanding at any time during a fiscal year may not exceed 50 percent of the difference between: (1) the revenue of the board budgeted for that fiscal year; and (2) the principal of and interest on board obligations other than expense notes to be paid from the revenue of the board during that fiscal year. Added by Acts 1999, 76th Leg., ch. 227, Sec. 9, eff. Sept. 1, 1999.
Source: official Texas text · Last verified 2026-08-27
Frequently Asked Questions About Texas § LG.254.054
What does The Texas Constitution § LG.254.054 cover?
Section LG.254.054 ("LIMITATION ON AGGREGATE AMOUNT OF EXPENSE NOTES") 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 § LG.254.054?
A common citation format is "The Texas Constitution § LG.254.054" (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 § LG.254.054 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.