Sec. 8414.203. BONDS FOR ROAD PROJECTS. At the time of issuance, the total principal amount of bonds or other obligations issued or incurred to finance road projects and payable from ad valorem taxes may not exceed one-fourth of the assessed value of the real property in the district.
Added by Acts 2013, 83rd Leg., R.S., Ch. 909 (H.B. 1260), Sec. 1, eff. June 14, 2013.
Section: Previous 8414.006 8414.007 8414.051 8414.052 8414.101 8414.102 8414.103 8414.104 8414.105 8414.106 8414.107 8414.151 8414.152 8414.201 8414.202Last modified: September 28, 2016