Sec. 8335.203. 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. 1412 (H.B. 4772), Sec. 1, eff. June 19, 2009.
Section: Previous 8335.006 8335.051 8335.052 8335.101 8335.102 8335.103 8335.104 8335.105 8335.106 8335.107 8335.151 8335.152 8335.153 8335.201 8335.202Last modified: September 28, 2016