Sec. 8456.203. 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. 768 (S.B. 1064), Sec. 1, eff. June 14, 2013.
Section: Previous 8456.004 8456.005 8456.006 8456.051 8456.052 8456.101 8456.102 8456.103 8456.104 8456.105 8456.151 8456.152 8456.153 8456.201 8456.202Last modified: September 28, 2016