Tex. Spec. Dist. Local Laws Code Section 7921.203
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. 501 (S.B. 2056), Sec. 1, eff. June 16, 2015.

Source: Section 7921.203 — Bonds for Road Projects, https://statutes.capitol.texas.gov/Docs/SD/htm/SD.7921.htm#7921.203 (accessed Jun. 5, 2024).

7921.001
Definitions 7921.002
Nature of District 7921.003
Confirmation and Directors’ Election Required 7921.004
Consent of Municipality Required 7921.005
Findings of Public Purpose and Benefit 7921.006
Initial District Territory 7921.051
Governing Body 7921.052
Temporary Directors 7921.101
General Powers and Duties 7921.102
Municipal Utility District Powers and Duties 7921.103
Authority for Road Projects 7921.104
Road Standards and Requirements 7921.105
Compliance with Municipal Consent Ordinance or Resolution 7921.151
Elections Regarding Taxes or Bonds 7921.152
Operation and Maintenance Tax 7921.153
Contract Taxes 7921.201
Authority to Issue Bonds and Other Obligations 7921.202
Taxes for Bonds 7921.203
Bonds for Road Projects

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Accessed:
Jun. 5, 2024

§ 7921.203’s source at texas.gov

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Location: https://texas.public.law/statutes/tex._spec._dist._local_laws_code_section_7921.203

Original Source: Section 7921.203 — Bonds for Road Projects, https://statutes.capitol.texas.gov/Docs/SD/htm/SD.7921.htm#7921.203 (last accessed Jun. 5, 2024).

Tex. Spec. Dist. Local Laws Code Section 7921.203 Bonds for Road Projects

Tex. Spec. Dist. Local Laws Code Section 7921.203
Bonds for Road Projects