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 9034.202Last modified: September 28, 2016