Sec. 8349.203. 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. 1085 (H.B. 4778), Sec. 1, eff. June 19, 2009.
Section: Previous 8349.052 8349.101 8349.102 8349.103 8349.104 8349.105 8349.106 8349.107 8349.108 8349.109 8349.110 8349.151 8349.152 8349.201 8349.202Last modified: September 28, 2016