Sec. 8334.203. 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. 508 (S.B. 1039), Sec. 1, eff. June 19, 2009.
Section: Previous 8334.005 8334.006 8334.051 8334.052 8334.101 8334.102 8334.103 8334.104 8334.105 8334.106 8334.151 8334.152 8334.153 8334.201 8334.202Last modified: September 28, 2016