Texas Special District Local Laws Code § 7922.203 Bonds For Road Projects

Sec. 7922.203. 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. 903 (S.B. 2007), Sec. 1, eff. June 18, 2015.

Section: Previous  7922.004  7922.005  7922.006  7922.051  7922.052  7922.101  7922.102  7922.103  7922.104  7922.105  7922.151  7922.152  7922.153  7922.201  7922.202

Last modified: September 28, 2016