Sec. 8342.203. 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. 422 (H.B. 2035), Sec. 1, eff. September 1, 2009.
Section: Previous 8342.101 8342.102 8342.103 8342.104 8342.105 8342.106 8342.107 8342.108 8342.109 8342.110 8342.151 8342.152 8342.153 8342.201 8342.202Last modified: September 28, 2016