Tex. Spec. Dist. Local Laws Code Section 7924.203
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 2017, 85th Leg., R.S., Ch. 671 (S.B. 2284), Sec. 1, eff. June 12, 2017.

Source: Section 7924.203 — Bonds for Road Projects, https://statutes.capitol.texas.gov/Docs/SD/htm/SD.7924.htm#7924.203 (accessed Apr. 13, 2024).

7924.001
Definitions 7924.002
Nature of District 7924.003
Confirmation and Directors’ Election Required 7924.004
Consent of Municipality Required 7924.005
Findings of Public Purpose and Benefit 7924.006
Initial District Territory 7924.051
Governing Body 7924.052
Temporary Directors 7924.101
General Powers and Duties 7924.102
Municipal Utility District Powers and Duties 7924.103
Authority for Road Projects 7924.104
Road Standards and Requirements 7924.105
Compliance with Municipal Consent Ordinance or Resolution 7924.151
Elections Regarding Taxes or Bonds 7924.152
Operation and Maintenance Tax 7924.201
Authority to Issue Bonds and Other Obligations 7924.202
Taxes for Bonds 7924.203
Bonds for Road Projects

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Accessed:
Apr. 13, 2024

§ 7924.203’s source at texas.gov

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Location: https://texas.public.law/statutes/tex._spec._dist._local_laws_code_section_7924.203

Original Source: Section 7924.203 — Bonds for Road Projects, https://statutes.capitol.texas.gov/Docs/SD/htm/SD.7924.htm#7924.203 (last accessed Apr. 13, 2024).

Tex. Spec. Dist. Local Laws Code Section 7924.203 Bonds for Road Projects

Tex. Spec. Dist. Local Laws Code Section 7924.203
Bonds for Road Projects