Sec. 8346.203. 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. 387 (H.B. 1599), Sec. 1, eff. June 19, 2009.
Section: Previous 8346.003 8346.004 8346.005 8346.051 8346.052 8346.101 8346.102 8346.103 8346.104 8346.105 8346.151 8346.152 8346.153 8346.201 8346.202Last modified: September 28, 2016