Tex. Spec. Dist. Local Laws Code Section 7994A.0403
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. 216 (S.B. 2576), Sec. 1, eff. May 27, 2023.

Source: Section 7994A.0403 — Bonds for Road Projects, https://statutes.­capitol.­texas.­gov/Docs/SD/htm/SD.­7994A.­htm#7994A.­0403 (accessed Jun. 5, 2024).

Jun. 5, 2024

§ 7994A.0403’s source at texas​.gov