Sec. 8464.203. 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. 442 (S.B. 706), Sec. 1, eff. June 14, 2013.
Section: Previous 8464.004 8464.005 8464.006 8464.051 8464.052 8464.101 8464.102 8464.103 8464.104 8464.105 8464.151 8464.152 8464.153 8464.201 8464.202Last modified: September 28, 2016