Sec. 8455.203. 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. 769 (S.B. 1065), Sec. 1, eff. June 14, 2013.
Section: Previous 8455.004 8455.005 8455.006 8455.051 8455.052 8455.101 8455.102 8455.103 8455.104 8455.105 8455.151 8455.152 8455.153 8455.201 8455.202Last modified: September 28, 2016