Sec. 8367.203. 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. 882 (S.B. 2524), Sec. 1, eff. June 19, 2009.
Section: Previous 8367.006 8367.051 8367.052 8367.101 8367.102 8367.103 8367.104 8367.105 8367.106 8367.107 8367.151 8367.152 8367.153 8367.201 8367.202Last modified: September 28, 2016