Sec. 7914.203. 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. 137 (H.B. 4141), Sec. 1, eff. May 28, 2015.
Section: Previous 7914.004 7914.005 7914.006 7914.051 7914.052 7914.101 7914.102 7914.103 7914.104 7914.105 7914.151 7914.152 7914.153 7914.201 7914.202Last modified: September 28, 2016