Sec. 8351.203. 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. 392 (H.B. 1691), Sec. 1, eff. June 19, 2009.
Section: Previous 8351.003 8351.004 8351.005 8351.051 8351.052 8351.101 8351.102 8351.103 8351.104 8351.105 8351.151 8351.152 8351.153 8351.201 8351.202Last modified: September 28, 2016