Tex. Spec. Dist. Local Laws Code Section 7916.253
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 2015, 84th Leg., R.S., Ch. 670 (H.B. 4183), Sec. 1, eff. June 17, 2015.

Source: Section 7916.253 — Bonds for Road Projects, https://statutes.capitol.texas.gov/Docs/SD/htm/SD.7916.htm#7916.253 (accessed Jun. 5, 2024).

7916.001
Definitions 7916.002
Nature of District 7916.003
Confirmation and Directors’ Election Required 7916.004
Consent of Municipality Required 7916.005
Findings of Public Purpose and Benefit 7916.006
Initial District Territory 7916.051
Governing Body 7916.052
Temporary Directors 7916.101
General Powers and Duties 7916.102
Municipal Utility District Powers and Duties 7916.103
Authority for Road Projects 7916.104
Road Standards and Requirements 7916.105
Compliance with Municipal Consent Ordinance or Resolution 7916.151
Division of District 7916.152
Law Applicable to New District 7916.153
Limitation on Area of New District 7916.154
Division Procedures 7916.155
Confirmation Election for New District 7916.156
Tax or Bond Election 7916.157
Municipal Consent 7916.201
Elections Regarding Taxes or Bonds 7916.202
Operation and Maintenance Tax 7916.203
Contract Taxes 7916.251
Authority to Issue Bonds and Other Obligations 7916.252
Taxes for Bonds 7916.253
Bonds for Road Projects

Up to date

Accessed:
Jun. 5, 2024

§ 7916.253’s source at texas.gov

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Location: https://texas.public.law/statutes/tex._spec._dist._local_laws_code_section_7916.253

Original Source: Section 7916.253 — Bonds for Road Projects, https://statutes.capitol.texas.gov/Docs/SD/htm/SD.7916.htm#7916.253 (last accessed Jun. 5, 2024).

Tex. Spec. Dist. Local Laws Code Section 7916.253 Bonds for Road Projects

Tex. Spec. Dist. Local Laws Code Section 7916.253
Bonds for Road Projects