Sec. 8249.253. BONDS FOR ROAD PROJECTS. At the time of issuance, the total principal amount of bonds or other obligations issued or incurred to finance road projects and payable from ad valorem taxes may not exceed one-fourth of the assessed value of the real property in the district.
Added by Acts 2011, 82nd Leg., R.S., Ch. 706 (H.B. 534), Sec. 3.01, eff. September 1, 2011.
Section: Previous 8249.104 8249.105 8249.106 8249.107 8249.151 8249.152 8249.153 8249.154 8249.155 8249.156 8249.201 8249.202 8249.203 8249.251 8249.252Last modified: September 28, 2016