Sec. 8327.203. 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. 1264 (S.B. 1877), Sec. 1, eff. September 1, 2011.
Section: Previous 8327.005 8327.006 8327.051 8327.052 8327.101 8327.102 8327.103 8327.104 8327.105 8327.106 8327.151 8327.152 8327.153 8327.201 8327.202Last modified: September 28, 2016