Tex. Spec. Dist. Local Laws Code Section 8042.0503
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. 1197 (H.B. 4673), Sec. 1, eff. June 14, 2019.

Source: Section 8042.0503 — Bonds for Road Projects, https://statutes.capitol.texas.gov/Docs/SD/htm/SD.8042.htm#8042.0503 (accessed May 26, 2025).

8042.0101
Definitions 8042.0102
Nature of District 8042.0103
Confirmation and Director Election Required 8042.0104
Consent of Municipality Required 8042.0105
Findings of Public Purpose and Benefit 8042.0106
Initial District Territory 8042.0201
Governing Body 8042.0202
Temporary Directors 8042.0301
General Powers and Duties 8042.0302
Municipal Utility District Powers and Duties 8042.0303
Authority for Road Projects 8042.0304
Road Standards and Requirements 8042.0305
Compliance with Municipal Consent Ordinance or Resolution 8042.0401
Elections Regarding Taxes or Bonds 8042.0402
Operation and Maintenance Tax 8042.0403
Contract Taxes 8042.0501
Authority to Issue Bonds and Other Obligations 8042.0502
Taxes for Bonds 8042.0503
Bonds for Road Projects

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Verified:
May 26, 2025

§ 8042.0503. Bonds for Rd. Projects's source at texas.gov

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Location: https://texas.public.law/statutes/tex._spec._dist._local_laws_code_section_8042.0503

Original Source: Section 8042.0503 — Bonds for Road Projects, https://statutes.capitol.texas.gov/Docs/SD/htm/SD.8042.htm#8042.0503 (last accessed May 10, 2025).

Tex. Spec. Dist. Local Laws Code Section 8042.0503 Bonds for Road Projects

Tex. Spec. Dist. Local Laws Code Section 8042.0503
Bonds for Road Projects