Sec. 7906.203. 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 2015, 84th Leg., R.S., Ch. 138 (H.B. 4153), Sec. 1, eff. September 1, 2015.
Section: Previous 7906.005 7906.006 7906.051 7906.052 7906.101 7906.102 7906.103 7906.104 7906.105 7906.106 7906.151 7906.152 7906.153 7906.201 7906.202Last modified: September 28, 2016