Sec. 8428.203. 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. 822 (S.B. 1847), Sec. 1, eff. June 14, 2013.
Section: Previous 8428.004 8428.005 8428.006 8428.051 8428.052 8428.101 8428.102 8428.103 8428.104 8428.105 8428.151 8428.152 8428.153 8428.201 8428.202Last modified: September 28, 2016