Tex. Spec. Dist. Local Laws Code Section 8009.0503
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 2019, 86th Leg., R.S., Ch. 551 (H.B. 4645), Sec. 1, eff. September 1, 2019.

Source: Section 8009.0503 — Bonds for Road Projects, https://statutes.capitol.texas.gov/Docs/SD/htm/SD.8009.htm#8009.0503 (accessed Jun. 5, 2024).

8009.0101
Definitions 8009.0102
Nature of District 8009.0103
Confirmation and Director Election Required 8009.0104
Consent of Municipality Required 8009.0105
Findings of Public Purpose and Benefit 8009.0106
Initial District Territory 8009.0201
Governing Body 8009.0202
Temporary Directors 8009.0301
General Powers and Duties 8009.0302
Municipal Utility District Powers and Duties 8009.0303
Authority for Road Projects 8009.0304
Road Standards and Requirements 8009.0305
Maintenance of Roads in Territory Outside Corporate Limits of City 8009.0306
Compliance with Municipal Consent Ordinance or Resolution 8009.0307
Division of District 8009.0401
Elections Regarding Taxes or Bonds 8009.0402
Operation and Maintenance Tax 8009.0403
Contract Taxes 8009.0501
Authority to Issue Bonds and Other Obligations 8009.0502
Taxes for Bonds 8009.0503
Bonds for Road Projects

Up to date

Accessed:
Jun. 5, 2024

§ 8009.0503’s source at texas.gov

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Location: https://texas.public.law/statutes/tex._spec._dist._local_laws_code_section_8009.0503

Original Source: Section 8009.0503 — Bonds for Road Projects, https://statutes.capitol.texas.gov/Docs/SD/htm/SD.8009.htm#8009.0503 (last accessed Jun. 5, 2024).

Tex. Spec. Dist. Local Laws Code Section 8009.0503 Bonds for Road Projects

Tex. Spec. Dist. Local Laws Code Section 8009.0503
Bonds for Road Projects