Sec. 8451.203. 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. 1334 (S.B. 752), Sec. 1, eff. June 14, 2013.
Section: Previous 8451.004 8451.005 8451.006 8451.051 8451.052 8451.101 8451.102 8451.103 8451.104 8451.105 8451.151 8451.152 8451.153 8451.201 8451.202Last modified: September 28, 2016