Tex. Spec. Dist. Local Laws Code Section 8074.0503
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. 113 (S.B. 2571), Sec. 1, eff. May 23, 2023.

Source: Section 8074.0503 — Bonds for Road Projects, https://statutes.capitol.texas.gov/Docs/SD/htm/SD.8074.htm#8074.0503 (accessed Jun. 5, 2024).

8074.0101
Definitions 8074.0102
Nature of District 8074.0103
Confirmation and Director Election Required 8074.0104
Consent of Municipality Required 8074.0105
Findings of Public Purpose and Benefit 8074.0106
Initial District Territory 8074.0201
Governing Body 8074.0202
Temporary Directors 8074.0301
General Powers and Duties 8074.0302
Municipal Utility District Powers and Duties 8074.0303
Authority for Road Projects 8074.0304
Road Standards and Requirements 8074.0305
Compliance with Municipal Consent Ordinance or Resolution 8074.0401
Elections Regarding Taxes or Bonds 8074.0402
Operation and Maintenance Tax 8074.0403
Contract Taxes 8074.0501
Authority to Issue Bonds and Other Obligations 8074.0502
Taxes for Bonds 8074.0503
Bonds for Road Projects

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Accessed:
Jun. 5, 2024

§ 8074.0503’s source at texas.gov

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Location: https://texas.public.law/statutes/tex._spec._dist._local_laws_code_section_8074.0503

Original Source: Section 8074.0503 — Bonds for Road Projects, https://statutes.capitol.texas.gov/Docs/SD/htm/SD.8074.htm#8074.0503 (last accessed Jun. 5, 2024).

Tex. Spec. Dist. Local Laws Code Section 8074.0503 Bonds for Road Projects

Tex. Spec. Dist. Local Laws Code Section 8074.0503
Bonds for Road Projects