Sec. 8355.203. 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. 867 (S.B. 2504), Sec. 1, eff. September 1, 2009.
Section: Previous 8355.051 8355.052 8355.101 8355.102 8355.103 8355.104 8355.105 8355.106 8355.107 8355.108 8355.151 8355.152 8355.153 8355.201 8355.202Last modified: September 28, 2016