Sec. 8495.203. 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. 1.02, eff. September 1, 2015.
Section: Previous 8495.006 8495.007 8495.051 8495.052 8495.101 8495.102 8495.103 8495.104 8495.105 8495.106 8495.151 8495.152 8495.153 8495.201 8495.202Last modified: September 28, 2016