Sec. 8493.203. 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 2015, 84th Leg., R.S., Ch. 135 (H.B. 3081), Sec. 1, eff. May 28, 2015.
Section: Previous 8493.006 8493.051 8493.052 8493.101 8493.102 8493.103 8493.104 8493.105 8493.106 8493.107 8493.151 8493.152 8493.153 8493.201 8493.202Last modified: September 28, 2016