Texas Special District Local Laws Code § 9038.203 Bonds For Road Projects

Sec. 9038.203. 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. 584 (S.B. 2464), Sec. 1, eff. June 19, 2009.

Section: Previous  9038.101  9038.102  9038.103  9038.104  9038.105  9038.106  9038.107  9038.108  9038.109  9038.110  9038.151  9038.152  9038.153  9038.201  9038.202

Last modified: September 28, 2016