Sec. 8348.203. 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. 1089 (H.B. 4790), Sec. 1, eff. September 1, 2009.
Section: Previous 8348.052 8348.101 8348.102 8348.103 8348.104 8348.105 8348.106 8348.107 8348.108 8348.109 8348.151 8348.152 8348.153 8348.201 8348.202Last modified: September 28, 2016