Sec. 8478.253. 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. 385 (H.B. 3925), Sec. 2, eff. September 1, 2013.
Section: Previous 8478.102 8478.103 8478.104 8478.105 8478.151 8478.152 8478.153 8478.154 8478.155 8478.156 8478.201 8478.202 8478.203 8478.251 8478.252Last modified: September 28, 2016