Sec. 8474.203. 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. 627 (S.B. 1901), Sec. 1, eff. June 14, 2013.
Section: Previous 8474.004 8474.005 8474.006 8474.051 8474.052 8474.101 8474.102 8474.103 8474.104 8474.105 8474.151 8474.152 8474.153 8474.201 8474.202Last modified: September 28, 2016