Tex. Spec. Dist. Local Laws Code Section 7985.203
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. 456 (S.B. 1261), Sec. 1, eff. September 1, 2017.

Source: Section 7985.203 — Bonds for Road Projects, https://statutes.capitol.texas.gov/Docs/SD/htm/SD.7985.htm#7985.203 (accessed Jun. 5, 2024).

7985.001
Definitions 7985.002
Nature of District 7985.003
Confirmation and Directors’ Election Required 7985.004
Consent of Municipality Required 7985.005
Findings of Public Purpose and Benefit 7985.006
Initial District Territory 7985.051
Governing Body 7985.052
Temporary Directors 7985.101
General Powers and Duties 7985.102
Municipal Utility District Powers and Duties 7985.103
Authority for Road Projects 7985.104
Road Standards and Requirements 7985.105
Compliance with Municipal Consent Ordinance or Resolution 7985.151
Elections Regarding Taxes or Bonds 7985.152
Operation and Maintenance Tax 7985.153
Contract Taxes 7985.201
Authority to Issue Bonds and Other Obligations 7985.202
Taxes for Bonds 7985.203
Bonds for Road Projects

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Accessed:
Jun. 5, 2024

§ 7985.203’s source at texas.gov

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Location: https://texas.public.law/statutes/tex._spec._dist._local_laws_code_section_7985.203

Original Source: Section 7985.203 — Bonds for Road Projects, https://statutes.capitol.texas.gov/Docs/SD/htm/SD.7985.htm#7985.203 (last accessed Jun. 5, 2024).

Tex. Spec. Dist. Local Laws Code Section 7985.203 Bonds for Road Projects

Tex. Spec. Dist. Local Laws Code Section 7985.203
Bonds for Road Projects