Sec. 8417.203. 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. 1393 (H.B. 1354), Sec. 1, eff. June 14, 2013.
Section: Previous 8417.005 8417.006 8417.051 8417.052 8417.101 8417.102 8417.103 8417.104 8417.105 8417.106 8417.151 8417.152 8417.153 8417.201 8417.202Last modified: September 28, 2016