Sec. 8458.203. 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. 568 (S.B. 725), Sec. 1, eff. June 14, 2013.
Added by Acts 2013, 83rd Leg., R.S., Ch. 1397 (H.B. 1587), Sec. 1, eff. June 14, 2013.
Section: Previous 8458.004 8458.005 8458.006 8458.051 8458.052 8458.101 8458.102 8458.103 8458.104 8458.105 8458.151 8458.152 8458.153 8458.201 8458.202Last modified: September 28, 2016