Sec. 8488.203. 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. 1123 (H.B. 3943), Sec. 1, eff. September 1, 2013.
Section: Previous 8488.005 8488.006 8488.051 8488.052 8488.101 8488.102 8488.103 8488.104 8488.105 8488.106 8488.151 8488.152 8488.153 8488.201 8488.202Last modified: September 28, 2016