Tex. Spec. Dist. Local Laws Code Section 7892.0503
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. 1207 (H.B. 4741), Sec. 1, eff. September 1, 2019.

Source: Section 7892.0503 — Bonds for Road Projects, https://statutes.capitol.texas.gov/Docs/SD/htm/SD.7892.htm#7892.0503 (accessed Apr. 20, 2024).

7892.0101
Definitions 7892.0102
Nature of District 7892.0103
Confirmation and Directors’ Election Required 7892.0104
Consent of Municipality Required 7892.0105
Findings of Public Purpose and Benefit 7892.0106
Initial District Territory 7892.0201
Governing Body 7892.0202
Temporary Directors 7892.0301
General Powers and Duties 7892.0302
Municipal Utility District Powers and Duties 7892.0303
Authority for Road Projects 7892.0304
Road Standards and Requirements 7892.0305
Maintenance of Roads in Territory Outside Corporate Limits of Municipality 7892.0306
Compliance with Municipal Consent Ordinance or Resolution 7892.0307
Division of District 7892.0401
Elections Regarding Taxes or Bonds 7892.0402
Operation and Maintenance Tax 7892.0403
Contract Taxes 7892.0501
Authority to Issue Bonds and Other Obligations 7892.0502
Taxes for Bonds 7892.0503
Bonds for Road Projects

Up to date

Accessed:
Apr. 20, 2024

§ 7892.0503’s source at texas.gov

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Location: https://texas.public.law/statutes/tex._spec._dist._local_laws_code_section_7892.0503

Original Source: Section 7892.0503 — Bonds for Road Projects, https://statutes.capitol.texas.gov/Docs/SD/htm/SD.7892.htm#7892.0503 (last accessed Apr. 20, 2024).

Tex. Spec. Dist. Local Laws Code Section 7892.0503 Bonds for Road Projects

Tex. Spec. Dist. Local Laws Code Section 7892.0503
Bonds for Road Projects