Sec. 8218.202. 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.
Added by Acts 2007, 80th Leg., R.S., Ch. 580 (S.B. 1961), Sec. 1, eff. June 16, 2007.
Section: Previous 8218.001 8218.002 8218.003 8218.004 8218.005 8218.051 8218.052 8218.101 8218.102 8218.103 8218.104 8218.151 8218.152 8218.201 8218.202Last modified: September 28, 2016