Sec. 8328.203. 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. 385 (H.B. 1597), Sec. 1, eff. June 19, 2009.
Section: Previous 8328.003 8328.004 8328.005 8328.051 8328.052 8328.101 8328.102 8328.103 8328.104 8328.105 8328.151 8328.152 8328.153 8328.201 8328.202Last modified: September 28, 2016