Texas Special District Local Laws Code § 3891.157 Bonds For Road Projects

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  3891.157

Last modified: September 28, 2016