Sec. 8472.203. 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. 1247 (S.B. 1899), Sec. 1, eff. June 14, 2013.
Section: Previous 8472.004 8472.005 8472.006 8472.051 8472.052 8472.101 8472.102 8472.103 8472.104 8472.105 8472.151 8472.152 8472.153 8472.201 8472.202Last modified: September 28, 2016