Sec. 8476.203. 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. 503 (S.B. 1903), Sec. 1, eff. June 14, 2013.
Section: Previous 8476.004 8476.005 8476.006 8476.051 8476.052 8476.101 8476.102 8476.103 8476.104 8476.105 8476.151 8476.152 8476.153 8476.201 8476.202Last modified: September 28, 2016