Sec. 8306.203. 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. 649 (H.B. 1841), Sec. 1, eff. June 19, 2009.
Section: Previous 8306.052 8306.101 8306.102 8306.103 8306.104 8306.105 8306.106 8306.107 8306.108 8306.109 8306.151 8306.152 8306.153 8306.201 8306.202Last modified: September 28, 2016