Sec. 7928.203. 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. 668 (H.B. 4134), Sec. 1, eff. June 17, 2015.
Section: Previous 7928.004 7928.005 7928.006 7928.051 7928.052 7928.101 7928.102 7928.103 7928.104 7928.105 7928.151 7928.152 7928.153 7928.201 7928.202Last modified: September 28, 2016