Sec. 9037.203. 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. 1096 (H.B. 4811), Sec. 1, eff. June 19, 2009.
Section: Previous 9037.007 9037.051 9037.052 9037.101 9037.102 9037.103 9037.104 9037.105 9037.106 9037.107 9037.151 9037.152 9037.153 9037.201 9037.202Last modified: September 28, 2016