Sec. 8423.203. 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. 612 (S.B. 1266), Sec. 1, eff. June 14, 2013.
Section: Previous 8423.004 8423.005 8423.006 8423.051 8423.052 8423.101 8423.102 8423.103 8423.104 8423.105 8423.151 8423.152 8423.153 8423.201 8423.202Last modified: September 28, 2016