Texas Special District Local Laws Code § 9034.203 Bonds For Road Projects

Sec. 9034.203. 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 2009, 81st Leg., R.S., Ch. 219 (S.B. 1241), Sec. 1, eff. May 27, 2009.

Section: Previous  9034.006  9034.051  9034.052  9034.101  9034.102  9034.103  9034.104  9034.105  9034.106  9034.107  9034.151  9034.152  9034.153  9034.201  9034.202

Last modified: September 28, 2016