Texas § WA.55.500 - LIMITATION OF INDEBTEDNESS
Full text of Texas The Texas Constitution § WA.55.500 — LIMITATION OF INDEBTEDNESS, with citation guidance and answers to common questions.
§ WA.55.500. LIMITATION OF INDEBTEDNESS
LIMITATION OF INDEBTEDNESS. In districts organized under Article III, Section 52 , of the Texas Constitution, the amount of bonds or the amount of the contract indebtedness with the United States may not be more than one-fourth of the actual assessed value of the real property in the district as shown by an assessment made for this purpose or by the last annual assessment made under this chapter. This limitation does not apply to districts operating under the authority of Article XVI, Section 59 , of the Texas Constitution. Acts 1971, 62nd Leg., p. 466, ch. 58, Sec. 1, eff. Aug. 30, 1971.
Source: official Texas text · Last verified 2026-08-27
Frequently Asked Questions About Texas § WA.55.500
What does The Texas Constitution § WA.55.500 cover?
Section WA.55.500 ("LIMITATION OF 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 § WA.55.500?
A common citation format is "The Texas Constitution § WA.55.500" (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 § WA.55.500 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.