Sec. 8434.253. 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. 623 (S.B. 1838), Sec. 1, eff. June 14, 2013.
Section: Previous 8434.105 8434.106 8434.107 8434.108 8434.151 8434.152 8434.153 8434.154 8434.155 8434.156 8434.201 8434.202 8434.203 8434.251 8434.252Last modified: September 28, 2016