Sec. 8326.203. 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. 226 (S.B. 1464), Sec. 1, eff. May 27, 2009.
Section: Previous 8326.005 8326.006 8326.051 8326.052 8326.101 8326.102 8326.103 8326.104 8326.105 8326.106 8326.151 8326.152 8326.153 8326.201 8326.202Last modified: September 28, 2016