Sec. 7929.203. 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. 59 (H.B. 4132), Sec. 1, eff. May 22, 2015.
Section: Previous 7929.004 7929.005 7929.006 7929.051 7929.052 7929.101 7929.102 7929.103 7929.104 7929.105 7929.151 7929.152 7929.153 7929.201 7929.202Last modified: September 28, 2016