Texas Special District Local Laws Code § 8473.203 Bonds For Road Projects

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  8473.202

Last modified: September 28, 2016