Sec. 8449.203. 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. 1395 (H.B. 1385), Sec. 1, eff. June 14, 2013.
Section: Previous 8449.006 8449.051 8449.052 8449.101 8449.102 8449.103 8449.104 8449.105 8449.106 8449.107 8449.151 8449.152 8449.153 8449.201 8449.202Last modified: September 28, 2016