Sec. 8336.203. 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. 389 (H.B. 1601), Sec. 1, eff. June 19, 2009.
Section: Previous 8336.003 8336.004 8336.005 8336.051 8336.052 8336.101 8336.102 8336.103 8336.104 8336.105 8336.151 8336.152 8336.153 8336.201 8336.202Last modified: September 28, 2016