Sec. 8473.203. 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. 626 (S.B. 1900), Sec. 1, eff. June 14, 2013.
Section: Previous 8473.004 8473.005 8473.006 8473.051 8473.052 8473.101 8473.102 8473.103 8473.104 8473.105 8473.151 8473.152 8473.153 8473.201 8473.202Last modified: September 28, 2016