Sec. 8420.203. 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. 308 (H.B. 1506), Sec. 1, eff. June 14, 2013.
Section: Previous 8420.004 8420.005 8420.006 8420.051 8420.052 8420.101 8420.102 8420.103 8420.104 8420.105 8420.151 8420.152 8420.153 8420.201 8420.202Last modified: September 28, 2016