Sec. 8236.202. 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 Waller County.
Added by Acts 2007, 80th Leg., R.S., Ch. 1153 (S.B. 1954), Sec. 1, eff. June 15, 2007.
Section: Previous 8236.002 8236.003 8236.004 8236.005 8236.006 8236.051 8236.052 8236.101 8236.102 8236.103 8236.104 8236.151 8236.152 8236.201 8236.202Last modified: September 28, 2016