Sec. 8332.203. 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. 536 (S.B. 1483), Sec. 1, eff. June 19, 2009.
Section: Previous 8332.006 8332.051 8332.052 8332.101 8332.102 8332.103 8332.104 8332.105 8332.106 8332.107 8332.151 8332.152 8332.153 8332.201 8332.202Last modified: September 28, 2016