Sec. 8463.203. 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. 770 (S.B. 1067), Sec. 1, eff. June 14, 2013.
Section: Previous 8463.004 8463.005 8463.006 8463.051 8463.052 8463.101 8463.102 8463.103 8463.104 8463.105 8463.151 8463.152 8463.153 8463.201 8463.202Last modified: September 28, 2016