Tex. Spec. Dist. Local Laws Code Section 7938A.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 2021, 87th Leg., R.S., Ch. 756 (H.B. 4627), Sec. 6(a), eff. September 1, 2021.

Source: Section 7938A.0503 — Bonds for Road Projects, https://statutes.capitol.texas.gov/Docs/SD/htm/SD.7938A.htm#7938A.0503 (accessed May 4, 2024).

7938A.0101
Definitions 7938A.0102
Nature of District 7938A.0103
Confirmation and Director Election Required 7938A.0104
Conditions Precedent to Confirmation Election 7938A.0105
Findings of Public Purpose and Benefit 7938A.0106
Initial District Territory 7938A.0201
Governing Body 7938A.0202
Temporary Directors 7938A.0301
General Powers and Duties 7938A.0302
Municipal Utility District Powers and Duties 7938A.0303
Authority for Road Projects 7938A.0304
Road Standards and Requirements 7938A.0305
Compliance with Municipal Consent Ordinance or Resolution 7938A.0306
No Eminent Domain Power 7938A.0401
Elections Regarding Taxes or Bonds 7938A.0402
Operation and Maintenance Tax 7938A.0403
Contract Taxes 7938A.0501
Authority to Issue Bonds and Other Obligations 7938A.0502
Taxes for Bonds 7938A.0503
Bonds for Road Projects

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Accessed:
May 4, 2024

§ 7938A.0503’s source at texas.gov

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Location: https://texas.public.law/statutes/tex._spec._dist._local_laws_code_section_7938a.0503

Original Source: Section 7938A.0503 — Bonds for Road Projects, https://statutes.capitol.texas.gov/Docs/SD/htm/SD.7938A.htm#7938A.0503 (last accessed May 4, 2024).

Tex. Spec. Dist. Local Laws Code Section 7938A.0503 Bonds for Road Projects

Tex. Spec. Dist. Local Laws Code Section 7938A.0503
Bonds for Road Projects