Sec. 8358.203. 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. 1411 (H.B. 4754), Sec. 1, eff. June 19, 2009.
Section: Previous 8358.006 8358.051 8358.052 8358.101 8358.102 8358.103 8358.104 8358.105 8358.106 8358.151 8358.152 8358.153 8358.154 8358.201 8358.202Last modified: September 28, 2016