Sec. 7933.203. 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. 909 (S.B. 2037), Sec. 1, eff. June 18, 2015.
Section: Previous 7933.004 7933.005 7933.006 7933.051 7933.052 7933.101 7933.102 7933.103 7933.104 7933.105 7933.151 7933.152 7933.153 7933.201 7933.202Last modified: September 28, 2016