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 8310.202Last modified: September 28, 2016