Sec. 7926.203. 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. 386 (H.B. 4127), Sec. 1, eff. September 1, 2015.
Section: Previous 7926.005 7926.006 7926.051 7926.052 7926.101 7926.102 7926.103 7926.104 7926.105 7926.106 7926.151 7926.152 7926.153 7926.201 7926.202Last modified: September 28, 2016