Tex. Spec. Dist. Local Laws Code Section 7904A.0403
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 2021, 87th Leg., R.S., Ch. 753 (H.B. 4615), Sec. 1, eff. June 15, 2021.

Source: Section 7904A.0403 — Bonds for Road Projects, https://statutes.capitol.texas.gov/Docs/SD/htm/SD.7904A.htm#7904A.0403 (accessed Jun. 5, 2024).

7904A.0101
Definitions 7904A.0102
Nature of District 7904A.0103
Confirmation and Director Election Required 7904A.0104
Consent of Municipality Required 7904A.0105
Findings of Public Purpose and Benefit 7904A.0106
Initial District Territory 7904A.0201
Governing Body 7904A.0202
Temporary Directors 7904A.0301
General Powers and Duties 7904A.0302
Municipal Utility District Powers and Duties 7904A.0303
Authority for Road Projects 7904A.0304
Road Standards and Requirements 7904A.0305
Compliance with Municipal Consent Ordinance or Resolution 7904A.0306
Public Information 7904A.0401
Authority to Issue Bonds and Other Obligations 7904A.0402
Taxes for Bonds 7904A.0403
Bonds for Road Projects 7904A.0404
Consent of Municipality and Development Agreement Required

Up to date

Accessed:
Jun. 5, 2024

§ 7904A.0403’s source at texas.gov

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Location: https://texas.public.law/statutes/tex._spec._dist._local_laws_code_section_7904a.0403

Original Source: Section 7904A.0403 — Bonds for Road Projects, https://statutes.capitol.texas.gov/Docs/SD/htm/SD.7904A.htm#7904A.0403 (last accessed Jun. 5, 2024).

Tex. Spec. Dist. Local Laws Code Section 7904A.0403 Bonds for Road Projects

Tex. Spec. Dist. Local Laws Code Section 7904A.0403
Bonds for Road Projects