Sec. 3891.157. BONDS FOR ROAD PROJECTS. At the time of issuance the total principal amount of bonds or other obligations incurred to finance a road project may not exceed one-fourth of the assessed value of real property in the district.
Added by Acts 2009, 81st Leg., R.S., Ch. 1102 (H.B. 4829), Sec. 1, eff. June 19, 2009.
Section: Previous 3891.101 3891.102 3891.103 3891.104 3891.105 3891.106 3891.107 3891.108 3891.151 3891.152 3891.153 3891.154 3891.155 3891.156 3891.157Last modified: September 28, 2016