Sec. 8359.203. 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. 1071 (H.B. 4737), Sec. 1, eff. September 1, 2009.
Section: Previous 8359.101 8359.102 8359.103 8359.104 8359.105 8359.106 8359.107 8359.108 8359.109 8359.110 8359.151 8359.152 8359.153 8359.201 8359.202Last modified: September 28, 2016