Under Texas Law (See Constitution, Article III, Section 49a and 49j and Article VIII, Section 6 & 7), Texas is limited as to how much debt it can acquire that is NOT self-satisfying.
If we need a major road, and the general funds are not available, a toll must pay for it.
Thanks for the information. I know we have to plan to spend no more than we plan to take in, but didn’t know about the limits on total debt. In addition, the Texas Regional Transportation Mobility boards and the ability to issue bonds was part of the Constitutional amendments in 2001.
thanks for the information, again. I found this confirmation when looking up your data.
http://www.thepoliticalguide.com/rep_bios.php?rep_id=56615334&category=views&id=20110719150503