Sec. 8234.202. 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 Harris County.
Added by Acts 2007, 80th Leg., R.S., Ch. 783 (H.B. 3988), Sec. 1, eff. June 15, 2007.
Section: Previous 8234.001 8234.002 8234.003 8234.004 8234.005 8234.051 8234.052 8234.101 8234.102 8234.103 8234.104 8234.151 8234.152 8234.201 8234.202Last modified: September 28, 2016