Tex. Spec. Dist. Local Laws Code Section 7961.0503
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 2023, 88th Leg., R.S., Ch. 213 (S.B. 887), Sec. 1, eff. May 27, 2023.

Source: Section 7961.0503 — Bonds for Road Projects, https://statutes.capitol.texas.gov/Docs/SD/htm/SD.7961.htm#7961.0503 (accessed May 4, 2024).

7961.0101
Definitions 7961.0102
Nature of District 7961.0103
Confirmation and Director Election Required 7961.0104
Consent of Municipality Required 7961.0105
Findings of Public Purpose and Benefit 7961.0106
Initial District Territory 7961.0201
Governing Body 7961.0202
Temporary Directors 7961.0301
General Powers and Duties 7961.0302
Municipal Utility District Powers and Duties 7961.0303
Authority for Road Projects 7961.0304
Road Standards and Requirements 7961.0305
Compliance with Municipal Consent Ordinance or Resolution 7961.0401
Elections Regarding Taxes or Bonds 7961.0402
Operation and Maintenance Tax 7961.0403
Contract Taxes 7961.0501
Authority to Issue Bonds and Other Obligations 7961.0502
Taxes for Bonds 7961.0503
Bonds for Road Projects

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Accessed:
May 4, 2024

§ 7961.0503’s source at texas.gov

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Location: https://texas.public.law/statutes/tex._spec._dist._local_laws_code_section_7961.0503

Original Source: Section 7961.0503 — Bonds for Road Projects, https://statutes.capitol.texas.gov/Docs/SD/htm/SD.7961.htm#7961.0503 (last accessed May 4, 2024).

Tex. Spec. Dist. Local Laws Code Section 7961.0503 Bonds for Road Projects

Tex. Spec. Dist. Local Laws Code Section 7961.0503
Bonds for Road Projects