Sec. 9047.203. 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 2013, 83rd Leg., R.S., Ch. 624 (S.B. 1841), Sec. 1, eff. June 14, 2013.
Section: Previous 9047.006 9047.007 9047.051 9047.052 9047.101 9047.102 9047.103 9047.104 9047.105 9047.106 9047.151 9047.152 9047.153 9047.201 9047.202Last modified: September 28, 2016