Sec. 7917.203. 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. 494 (S.B. 2027), Sec. 1, eff. June 16, 2015.
Section: Previous 7917.004 7917.005 7917.006 7917.051 7917.052 7917.101 7917.102 7917.103 7917.104 7917.105 7917.151 7917.152 7917.153 7917.201 7917.202Last modified: September 28, 2016