Tex. Spec. Dist. Local Laws Code Section 7888.0503
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 2019, 86th Leg., R.S., Ch. 564 (S.B. 2558), Sec. 1, eff. September 1, 2019.
Transferred from Special District Local Laws Code, Chapter 7888 (Lone Oak Farm Municipal Utility District) by Acts 2021, 87th Leg., R.S., Ch. 915 (H.B. 3607), Sec. 21.001(64), eff. September 1, 2021.

Source: Section 7888.0503 — Bonds for Road Projects, https://statutes.­capitol.­texas.­gov/Docs/SD/htm/SD.­7888.­htm#7888.­0503 (accessed May 4, 2024).

Accessed:
May 4, 2024

§ 7888.0503’s source at texas​.gov