Sec. 8443.203. 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. 469 (S.B. 1071), Sec. 1, eff. June 14, 2013.
Section: Previous 8443.004 8443.005 8443.006 8443.051 8443.052 8443.101 8443.102 8443.103 8443.104 8443.105 8443.151 8443.152 8443.153 8443.201 8443.202Last modified: September 28, 2016