Sec. 8480.203. 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. 497 (S.B. 1843), Sec. 1, eff. September 1, 2013.
Section: Previous 8480.004 8480.005 8480.006 8480.051 8480.052 8480.101 8480.102 8480.103 8480.104 8480.105 8480.151 8480.152 8480.153 8480.201 8480.202Last modified: September 28, 2016