Texas Special District Local Laws Code § 3870.203 Bonds For Road Projects

Sec. 3870.203. 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 2009, 81st Leg., R.S., Ch. 245 (S.B. 2470), Sec. 1, eff. September 1, 2009.

Section: Previous  3870.103  3870.104  3870.105  3870.106  3870.107  3870.108  3870.151  3870.152  3870.153  3870.154  3870.155  3870.156  3870.157  3870.201  3870.202

Last modified: September 28, 2016