Sec. 8353.203. 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. 1062 (H.B. 4710), Sec. 1, eff. June 19, 2009.
Section: Previous 8353.006 8353.051 8353.052 8353.101 8353.102 8353.103 8353.104 8353.105 8353.106 8353.107 8353.151 8353.152 8353.153 8353.201 8353.202Last modified: September 28, 2016