Sec. 8222.202. 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 Aransas County.
Added by Acts 2007, 80th Leg., R.S., Ch. 193 (S.B. 1960), Sec. 1, eff. May 23, 2007.
Section: Previous 8222.002 8222.003 8222.004 8222.005 8222.051 8222.052 8222.101 8222.102 8222.103 8222.104 8222.105 8222.151 8222.152 8222.201 8222.202Last modified: September 28, 2016