Sec. 8494.203. 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. 866 (H.B. 2091), Sec. 1.01, eff. September 1, 2015.
Section: Previous 8494.004 8494.005 8494.006 8494.051 8494.052 8494.101 8494.102 8494.103 8494.104 8494.105 8494.151 8494.152 8494.153 8494.201 8494.202Last modified: September 28, 2016