Sec. 8307.203. 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. 753 (S.B. 660), Sec. 1, eff. June 19, 2009.
Section: Previous 8307.052 8307.101 8307.102 8307.103 8307.104 8307.105 8307.106 8307.107 8307.108 8307.109 8307.151 8307.152 8307.153 8307.201 8307.202Last modified: September 28, 2016