Sec. 8446.203. 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. 1250 (S.B. 1910), Sec. 3, eff. September 1, 2013.
Added by Acts 2013, 83rd Leg., R.S., Ch. 1309 (H.B. 3954), Sec. 4, eff. June 14, 2013.
Section: Previous 8446.004 8446.005 8446.006 8446.051 8446.052 8446.101 8446.102 8446.103 8446.104 8446.105 8446.151 8446.152 8446.153 8446.201 8446.202Last modified: September 28, 2016