Tex. Spec. Dist. Local Laws Code Section 8006.0503
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. 1022 (H.B. 5340), Sec. 1, eff. September 1, 2023.

Source: Section 8006.0503 — Bonds for Road Projects, https://statutes.capitol.texas.gov/Docs/SD/htm/SD.8006.htm#8006.0503 (accessed May 4, 2024).

8006.0101
Definitions 8006.0102
Nature of District 8006.0103
Confirmation and Director Election Required 8006.0104
Consent of Municipality Required 8006.0105
Findings of Public Purpose and Benefit 8006.0106
Initial District Territory 8006.0201
Governing Body 8006.0202
Temporary Directors 8006.0301
General Powers and Duties 8006.0302
Municipal Utility District Powers and Duties 8006.0303
Authority for Road Projects 8006.0304
Road Standards and Requirements 8006.0305
Division of District 8006.0401
Elections Regarding Taxes or Bonds 8006.0402
Operation and Maintenance Tax 8006.0403
Contract Taxes 8006.0501
Authority to Issue Bonds and Other Obligations 8006.0502
Taxes for Bonds 8006.0503
Bonds for Road Projects

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Accessed:
May 4, 2024

§ 8006.0503’s source at texas.gov

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Location: https://texas.public.law/statutes/tex._spec._dist._local_laws_code_section_8006.0503

Original Source: Section 8006.0503 — Bonds for Road Projects, https://statutes.capitol.texas.gov/Docs/SD/htm/SD.8006.htm#8006.0503 (last accessed May 4, 2024).

Tex. Spec. Dist. Local Laws Code Section 8006.0503 Bonds for Road Projects

Tex. Spec. Dist. Local Laws Code Section 8006.0503
Bonds for Road Projects