Sec. 7934.203. 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. 883 (H.B. 4178), Sec. 1, eff. June 18, 2015.
Section: Previous 7934.004 7934.005 7934.006 7934.051 7934.052 7934.101 7934.102 7934.103 7934.104 7934.105 7934.151 7934.152 7934.153 7934.201 7934.202Last modified: September 28, 2016