Sec. 8498.203. 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. 650 (H.B. 1074), Sec. 1, eff. September 1, 2015.
Section: Previous 8498.004 8498.005 8498.006 8498.051 8498.052 8498.101 8498.102 8498.103 8498.104 8498.105 8498.151 8498.152 8498.153 8498.201 8498.202Last modified: September 28, 2016