Sec. 8422.203. 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. 754 (S.B. 623), Sec. 1, eff. June 14, 2013.
Section: Previous 8422.004 8422.005 8422.006 8422.051 8422.052 8422.101 8422.102 8422.103 8422.104 8422.105 8422.151 8422.152 8422.153 8422.201 8422.202Last modified: September 28, 2016