Texas Special District Local Laws Code § 8310.203 Bonds For Road Projects

Sec. 8310.203. 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. 576 (S.B. 2410), Sec. 1, eff. June 19, 2009.

Section: Previous  8310.006  8310.051  8310.052  8310.101  8310.102  8310.103  8310.104  8310.105  8310.106  8310.107  8310.151  8310.152  8310.153  8310.201  8310.202

Last modified: September 28, 2016