Sec. 1474.101. LIMIT ON DEBT. (a) If a county contains one or more districts organized under Section 52 , Article III, or Section 59 , Article XVI, Texas Constitution, the ratio of the debt of a district to the assessed value of real property in the district, expressed as a percentage, together with the ratio of the proposed county debt to the assessed value of real property in the county, expressed as a percentage, may not exceed one-fourth of the assessed value of real property in the county or in the district. (b) The assessed value of real property in a county or in a district is computed according to the most recent appraisal roll of the county or district, as appropriate.
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