Sec. 8453.203. 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. 470 (S.B. 1072), Sec. 1, eff. June 14, 2013.
Section: Previous 8453.004 8453.005 8453.006 8453.051 8453.052 8453.101 8453.102 8453.103 8453.104 8453.105 8453.151 8453.152 8453.153 8453.201 8453.202Last modified: September 28, 2016