Tex. Spec. Dist. Local Laws Code Section 8050.0503
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. 1264 (H.B. 4688), Sec. 1, eff. June 14, 2019.

Source: Section 8050.0503 — Bonds for Road Projects, https://statutes.capitol.texas.gov/Docs/SD/htm/SD.8050.htm#8050.0503 (accessed Jun. 5, 2024).

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Accessed:
Jun. 5, 2024

§ 8050.0503’s source at texas.gov

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Location: https://texas.public.law/statutes/tex._spec._dist._local_laws_code_section_8050.0503

Original Source: Section 8050.0503 — Bonds for Road Projects, https://statutes.capitol.texas.gov/Docs/SD/htm/SD.8050.htm#8050.0503 (last accessed Jun. 5, 2024).

Tex. Spec. Dist. Local Laws Code Section 8050.0503 Bonds for Road Projects

Tex. Spec. Dist. Local Laws Code Section 8050.0503
Bonds for Road Projects