Sec. 8345.203. 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. 1095 (H.B. 4803), Sec. 1, eff. June 19, 2009.
Section: Previous 8345.006 8345.051 8345.052 8345.101 8345.102 8345.103 8345.104 8345.105 8345.106 8345.107 8345.151 8345.152 8345.153 8345.201 8345.202Last modified: September 28, 2016