Sec. 8421.203. 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. 551 (S.B. 624), Sec. 1, eff. June 14, 2013.
Section: Previous 8421.004 8421.005 8421.006 8421.051 8421.052 8421.101 8421.102 8421.103 8421.104 8421.105 8421.151 8421.152 8421.153 8421.201 8421.202Last modified: September 28, 2016