Sec. 8313.203. 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. 657 (H.B. 1946), Sec. 1, eff. June 19, 2009.
Section: Previous 8313.051 8313.052 8313.101 8313.102 8313.103 8313.104 8313.105 8313.106 8313.107 8313.108 8313.151 8313.152 8313.153 8313.201 8313.202Last modified: September 28, 2016