Sec. 8479.253. 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. 4, eff. September 1, 2013.
Section: Previous 8479.102 8479.103 8479.104 8479.105 8479.151 8479.152 8479.153 8479.154 8479.155 8479.156 8479.201 8479.202 8479.203 8479.251 8479.252Last modified: September 28, 2016