Sec. 8318.203. 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 2011, 82nd Leg., R.S., Ch. 413 (S.B. 813), Sec. 1, eff. September 1, 2011.
Added by Acts 2011, 82nd Leg., R.S., Ch. 728 (H.B. 886), Sec. 1, eff. September 1, 2011.
Section: Previous 8318.005 8318.006 8318.051 8318.052 8318.101 8318.102 8318.103 8318.104 8318.105 8318.106 8318.151 8318.152 8318.153 8318.201 8318.202Last modified: September 28, 2016