Sec. 7952.203. 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. 498 (S.B. 2039), Sec. 1, eff. June 16, 2015.
Section: Previous 7952.004 7952.005 7952.006 7952.051 7952.052 7952.101 7952.102 7952.103 7952.104 7952.105 7952.151 7952.152 7952.153 7952.201 7952.202Last modified: September 28, 2016