Sec. 8330.203. 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. 505 (S.B. 994), Sec. 1, eff. June 19, 2009.
Section: Previous 8330.004 8330.005 8330.006 8330.051 8330.052 8330.101 8330.102 8330.103 8330.104 8330.105 8330.151 8330.152 8330.153 8330.201 8330.202Last modified: September 28, 2016