Sec. 8436.203. 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. 545 (S.B. 564), Sec. 1, eff. June 14, 2013.
Section: Previous 8436.004 8436.005 8436.006 8436.051 8436.052 8436.101 8436.102 8436.103 8436.104 8436.105 8436.151 8436.152 8436.153 8436.201 8436.202Last modified: September 28, 2016