Sec. 8448.203. 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. 437 (S.B. 607), Sec. 1, eff. June 14, 2013.
Section: Previous 8448.004 8448.005 8448.006 8448.051 8448.052 8448.101 8448.102 8448.103 8448.104 8448.105 8448.151 8448.152 8448.153 8448.201 8448.202Last modified: September 28, 2016