Sec. 8329.203. 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. 766 (S.B. 860), Sec. 1, eff. June 19, 2009.
Section: Previous 8329.005 8329.006 8329.051 8329.052 8329.101 8329.102 8329.103 8329.104 8329.105 8329.106 8329.151 8329.152 8329.153 8329.201 8329.202Last modified: September 28, 2016