Sec. 8356.203. 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 8356.051 8356.052 8356.101 8356.102 8356.103 8356.104 8356.105 8356.106 8356.107 8356.108 8356.151 8356.152 8356.153 8356.201 8356.202Last modified: September 28, 2016