Sec. 8319.203. 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. 869 (S.B. 2506), Sec. 1, eff. June 19, 2009.
Section: Previous 8319.006 8319.051 8319.052 8319.101 8319.102 8319.103 8319.104 8319.105 8319.106 8319.107 8319.151 8319.152 8319.153 8319.201 8319.202Last modified: September 28, 2016