Sec. 8452.203. 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. 574 (S.B. 751), Sec. 1, eff. June 14, 2013.
Section: Previous 8452.004 8452.005 8452.006 8452.051 8452.052 8452.101 8452.102 8452.103 8452.104 8452.105 8452.151 8452.152 8452.153 8452.201 8452.202Last modified: September 28, 2016