Sec. 7932.203. 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. 982 (H.B. 4154), Sec. 3, eff. June 19, 2015.
Section: Previous 7932.004 7932.005 7932.006 7932.051 7932.052 7932.101 7932.102 7932.103 7932.104 7932.105 7932.151 7932.152 7932.153 7932.201 7932.202Last modified: September 28, 2016