Sec. 7935.203. 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. 884 (H.B. 4179), Sec. 1, eff. June 18, 2015.
Section: Previous 7935.004 7935.005 7935.006 7935.051 7935.052 7935.101 7935.102 7935.103 7935.104 7935.105 7935.151 7935.152 7935.153 7935.201 7935.202Last modified: September 28, 2016