Sec. 7910.203. 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. 895 (S.B. 1002), Sec. 1, eff. June 18, 2015.
Section: Previous 7910.004 7910.005 7910.006 7910.051 7910.052 7910.101 7910.102 7910.103 7910.104 7910.105 7910.151 7910.152 7910.153 7910.201 7910.202Last modified: September 28, 2016