Sec. 8445.203. 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. 771 (S.B. 1068), Sec. 1, eff. June 14, 2013.
Section: Previous 8445.004 8445.005 8445.006 8445.051 8445.052 8445.101 8445.102 8445.103 8445.104 8445.105 8445.151 8445.152 8445.153 8445.201 8445.202Last modified: September 28, 2016