Sec. 7919.203. 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. 58 (H.B. 4129), Sec. 1, eff. May 22, 2015.
Section: Previous 7919.004 7919.005 7919.006 7919.051 7919.052 7919.101 7919.102 7919.103 7919.104 7919.105 7919.151 7919.152 7919.153 7919.201 7919.202Last modified: September 28, 2016