Sec. 8433.203. 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. 524 (S.B. 482), Sec. 1, eff. June 14, 2013.
Section: Previous 8433.004 8433.005 8433.006 8433.051 8433.052 8433.101 8433.102 8433.103 8433.104 8433.105 8433.151 8433.152 8433.153 8433.201 8433.202Last modified: September 28, 2016