Sec. 7916.253. 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. 670 (H.B. 4183), Sec. 1, eff. June 17, 2015.
Section: Previous 7916.103 7916.104 7916.105 7916.151 7916.152 7916.153 7916.154 7916.155 7916.156 7916.157 7916.201 7916.202 7916.203 7916.251 7916.252Last modified: September 28, 2016