Tex. Spec. Dist. Local Laws Code Section 8036.0503
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. 531 (H.B. 1379), Sec. 1, eff. June 10, 2019.

Source: Section 8036.0503 — Bonds for Road Projects, https://statutes.capitol.texas.gov/Docs/SD/htm/SD.8036.htm#8036.0503 (accessed Apr. 20, 2024).

8036.0101
Definitions 8036.0102
Nature of District 8036.0103
Confirmation and Director Election Required 8036.0104
Consent of Municipality Required 8036.0105
Findings of Public Purpose and Benefit 8036.0106
Initial District Territory 8036.0201
Governing Body 8036.0202
Temporary Directors 8036.0301
General Powers and Duties 8036.0302
Municipal Utility District Powers and Duties 8036.0303
Authority for Road Projects 8036.0304
Road Standards and Requirements 8036.0305
Compliance with Municipal Consent Ordinance or Resolution 8036.0401
Elections Regarding Taxes or Bonds 8036.0402
Operation and Maintenance Tax 8036.0403
Contract Taxes 8036.0501
Authority to Issue Bonds and Other Obligations 8036.0502
Taxes for Bonds 8036.0503
Bonds for Road Projects

Up to date

Accessed:
Apr. 20, 2024

§ 8036.0503’s source at texas.gov

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Location: https://texas.public.law/statutes/tex._spec._dist._local_laws_code_section_8036.0503

Original Source: Section 8036.0503 — Bonds for Road Projects, https://statutes.capitol.texas.gov/Docs/SD/htm/SD.8036.htm#8036.0503 (last accessed Apr. 20, 2024).

Tex. Spec. Dist. Local Laws Code Section 8036.0503 Bonds for Road Projects

Tex. Spec. Dist. Local Laws Code Section 8036.0503
Bonds for Road Projects