Tex. Spec. Dist. Local Laws Code Section 7900.0503
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. 1205 (H.B. 4729), Sec. 1, eff. June 14, 2019.

Source: Section 7900.0503 — Bonds for Road Projects, https://statutes.capitol.texas.gov/Docs/SD/htm/SD.7900.htm#7900.0503 (accessed Apr. 13, 2024).

7900.0101
Definitions 7900.0102
Nature of District 7900.0103
Confirmation and Director Election Required 7900.0104
Consent of Municipality Required 7900.0105
Findings of Public Purpose and Benefit 7900.0106
Initial District Territory 7900.0201
Governing Body 7900.0202
Temporary Directors 7900.0301
General Powers and Duties 7900.0302
Municipal Utility District Powers and Duties 7900.0303
Authority for Road Projects 7900.0304
Road Standards and Requirements 7900.0305
Compliance with Municipal Consent Ordinance or Resolution 7900.0401
Elections Regarding Taxes or Bonds 7900.0402
Operation and Maintenance Tax 7900.0403
Contract Taxes 7900.0501
Authority to Issue Bonds and Other Obligations 7900.0502
Taxes for Bonds 7900.0503
Bonds for Road Projects

Up to date

Accessed:
Apr. 13, 2024

§ 7900.0503’s source at texas.gov

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Location: https://texas.public.law/statutes/tex._spec._dist._local_laws_code_section_7900.0503

Original Source: Section 7900.0503 — Bonds for Road Projects, https://statutes.capitol.texas.gov/Docs/SD/htm/SD.7900.htm#7900.0503 (last accessed Apr. 13, 2024).

Tex. Spec. Dist. Local Laws Code Section 7900.0503 Bonds for Road Projects

Tex. Spec. Dist. Local Laws Code Section 7900.0503
Bonds for Road Projects