Sec. 8483.203. 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. 833 (S.B. 1893), Sec. 1, eff. June 14, 2013.
Section: Previous 8483.006 8483.051 8483.052 8483.101 8483.102 8483.103 8483.104 8483.105 8483.106 8483.107 8483.151 8483.152 8483.153 8483.201 8483.202Last modified: September 28, 2016