No district may issue bonds or create indebtedness in an amount which is more than that authorized by the Texas Constitution.
Tex. Water Code § 51.403
AMOUNT OF DEBT LIMITED BY CONSTITUTION
Acts 1971, 62nd Leg., p. 335, ch. 58, Sec. 1, eff
Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.