Sec. 8416.203. 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 2013, 83rd Leg., R.S., Ch. 739 (S.B. 273), Sec. 1, eff. June 14, 2013.
Section: Previous 8416.004 8416.005 8416.006 8416.051 8416.052 8416.101 8416.102 8416.103 8416.104 8416.105 8416.151 8416.152 8416.153 8416.201 8416.202Last modified: September 28, 2016