Sec. 8431.203. 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. 752 (S.B. 608), Sec. 1, eff. June 14, 2013.
Section: Previous 8431.004 8431.005 8431.006 8431.051 8431.052 8431.101 8431.102 8431.103 8431.104 8431.105 8431.151 8431.152 8431.153 8431.201 8431.202Last modified: September 28, 2016