Sec. 8333.203. 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. 388 (H.B. 1600), Sec. 1, eff. June 19, 2009.
Section: Previous 8333.003 8333.004 8333.005 8333.051 8333.052 8333.101 8333.102 8333.103 8333.104 8333.105 8333.151 8333.152 8333.153 8333.201 8333.202Last modified: September 28, 2016