Sec. 7927.203. 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. 63 (H.B. 4126), Sec. 1, eff. September 1, 2015.
Section: Previous 7927.004 7927.005 7927.006 7927.051 7927.052 7927.101 7927.102 7927.103 7927.104 7927.105 7927.151 7927.152 7927.153 7927.201 7927.202Last modified: September 28, 2016