Sec. 8337.203. 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. 499 (S.B. 880), Sec. 1, eff. June 19, 2009.
Section: Previous 8337.003 8337.004 8337.005 8337.051 8337.052 8337.101 8337.102 8337.103 8337.104 8337.105 8337.151 8337.152 8337.153 8337.201 8337.202Last modified: September 28, 2016