Tex. Spec. Dist. Local Laws Code Section 7970.203
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. 15 (H.B. 1962), Sec. 1, eff. May 18, 2017.

Source: Section 7970.203 — Bonds for Road Projects, https://statutes.capitol.texas.gov/Docs/SD/htm/SD.7970.htm#7970.203 (accessed Jun. 5, 2024).

7970.001
Definitions 7970.002
Nature of District 7970.003
Confirmation and Directors’ Election Required 7970.004
Consent of Municipality Required 7970.005
Findings of Public Purpose and Benefit 7970.006
Initial District Territory 7970.051
Governing Body 7970.052
Temporary Directors 7970.101
General Powers and Duties 7970.102
Municipal Utility District Powers and Duties 7970.103
Authority for Road Projects 7970.104
Road Standards and Requirements 7970.105
Compliance with Municipal Consent Ordinance or Resolution 7970.151
Elections Regarding Taxes or Bonds 7970.152
Operation and Maintenance Tax 7970.153
Contract Taxes 7970.201
Authority to Issue Bonds and Other Obligations 7970.202
Taxes for Bonds 7970.203
Bonds for Road Projects

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Accessed:
Jun. 5, 2024

§ 7970.203’s source at texas.gov

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Location: https://texas.public.law/statutes/tex._spec._dist._local_laws_code_section_7970.203

Original Source: Section 7970.203 — Bonds for Road Projects, https://statutes.capitol.texas.gov/Docs/SD/htm/SD.7970.htm#7970.203 (last accessed Jun. 5, 2024).

Tex. Spec. Dist. Local Laws Code Section 7970.203 Bonds for Road Projects

Tex. Spec. Dist. Local Laws Code Section 7970.203
Bonds for Road Projects