Tex. Spec. Dist. Local Laws Code Section 7981A.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. 646 (H.B. 5345), Sec. 1, eff. June 12, 2023.

Source: Section 7981A.0503 — Bonds for Road Projects, https://statutes.capitol.texas.gov/Docs/SD/htm/SD.7981A.htm#7981A.0503 (accessed May 26, 2025).

7981A.0101
Definitions 7981A.0102
Nature of District 7981A.0103
Confirmation and Director Election Required 7981A.0104
Consent of Municipality Required 7981A.0105
Findings of Public Purpose and Benefit 7981A.0106
Initial District Territory 7981A.0201
Governing Body 7981A.0202
Temporary Directors 7981A.0301
General Powers and Duties 7981A.0302
Municipal Utility District Powers and Duties 7981A.0303
Authority for Road Projects 7981A.0304
Road Standards and Requirements 7981A.0305
Compliance with Municipal Consent Ordinance or Resolution 7981A.0401
Elections Regarding Taxes or Bonds 7981A.0402
Operation and Maintenance Tax 7981A.0403
Contract Taxes 7981A.0501
Authority to Issue Bonds and Other Obligations 7981A.0502
Taxes for Bonds 7981A.0503
Bonds for Road Projects

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Verified:
May 26, 2025

§ 7981A.0503. Bonds for Rd. Projects's source at texas.gov

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Location: https://texas.public.law/statutes/tex._spec._dist._local_laws_code_section_7981a.0503

Original Source: Section 7981A.0503 — Bonds for Road Projects, https://statutes.capitol.texas.gov/Docs/SD/htm/SD.7981A.htm#7981A.0503 (last accessed May 10, 2025).

Tex. Spec. Dist. Local Laws Code Section 7981A.0503 Bonds for Road Projects

Tex. Spec. Dist. Local Laws Code Section 7981A.0503
Bonds for Road Projects