Sec. 8237.202. 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. 579 (S.B. 1955), Sec. 1, eff. June 16, 2007.
Section: Previous 8237.002 8237.003 8237.004 8237.005 8237.006 8237.051 8237.052 8237.101 8237.102 8237.103 8237.104 8237.151 8237.152 8237.201 8237.202Last modified: September 28, 2016