Sec. 8304.203. 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 2009, 81st Leg., R.S., Ch. 483 (S.B. 588), Sec. 1, eff. June 19, 2009.
Section: Previous 8304.006 8304.051 8304.052 8304.101 8304.102 8304.103 8304.104 8304.105 8304.106 8304.107 8304.151 8304.152 8304.153 8304.201 8304.202Last modified: September 28, 2016