Sec. 8216.202. BONDS FOR ROAD PROJECTS. At the time of issuance, the total principal amount of a bond, note, or other obligation issued or incurred to finance a road project may not exceed one-fourth of the assessed value of real property in the district according to the most recent certified tax appraisal roll for Galveston County.
Added by Acts 2007, 80th Leg., R.S., Ch. 1130 (H.B. 4070), Sec. 1, eff. June 15, 2007.
Added by Acts 2007, 80th Leg., R.S., Ch. 1156 (S.B. 1997), Sec. 1, eff. June 15, 2007.
Section: Previous 8216.002 8216.003 8216.004 8216.005 8216.051 8216.052 8216.101 8216.102 8216.103 8216.104 8216.105 8216.151 8216.152 8216.201 8216.202Last modified: September 28, 2016