Tex. Spec. Dist. Local Laws Code Section 7950.203
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. 986 (S.B. 2002), Sec. 3, eff. June 19, 2015.

Source: Section 7950.203 — Bonds for Road Projects, https://statutes.capitol.texas.gov/Docs/SD/htm/SD.7950.htm#7950.203 (accessed Jun. 5, 2024).

7950.001
Definitions 7950.002
Nature of District 7950.003
Confirmation and Directors’ Election Required 7950.004
Consent of Municipality Required 7950.005
Findings of Public Purpose and Benefit 7950.006
Initial District Territory 7950.051
Governing Body 7950.052
Temporary Directors 7950.101
General Powers and Duties 7950.102
Municipal Utility District Powers and Duties 7950.103
Authority for Road Projects 7950.104
Road Standards and Requirements 7950.105
Compliance with Municipal Consent Ordinance or Resolution 7950.151
Elections Regarding Taxes or Bonds 7950.152
Operation and Maintenance Tax 7950.153
Contract Taxes 7950.201
Authority to Issue Bonds and Other Obligations 7950.202
Taxes for Bonds 7950.203
Bonds for Road Projects

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Accessed:
Jun. 5, 2024

§ 7950.203’s source at texas.gov

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Location: https://texas.public.law/statutes/tex._spec._dist._local_laws_code_section_7950.203

Original Source: Section 7950.203 — Bonds for Road Projects, https://statutes.capitol.texas.gov/Docs/SD/htm/SD.7950.htm#7950.203 (last accessed Jun. 5, 2024).

Tex. Spec. Dist. Local Laws Code Section 7950.203 Bonds for Road Projects

Tex. Spec. Dist. Local Laws Code Section 7950.203
Bonds for Road Projects