Sec. 7959.203. 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. 891 (H.B. 4204), Sec. 1, eff. June 18, 2015.
Section: Previous 7959.004 7959.005 7959.006 7959.051 7959.052 7959.101 7959.102 7959.103 7959.104 7959.105 7959.151 7959.152 7959.153 7959.201 7959.202Last modified: September 28, 2016