Sec. 8468.203. 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 2015, 84th Leg., R.S., Ch. 487 (H.B. 2401), Sec. 4, eff. June 16, 2015.
Section: Previous 8468.004 8468.005 8468.006 8468.051 8468.052 8468.101 8468.102 8468.103 8468.104 8468.105 8468.151 8468.152 8468.153 8468.201 8468.202Last modified: September 28, 2016