Tex. Spec. Dist. Local Laws Code Section 8075.0503
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. 341 (S.B. 1038), Sec. 1, eff. September 1, 2019.

Source: Section 8075.0503 — Bonds for Road Projects, https://statutes.capitol.texas.gov/Docs/SD/htm/SD.8075.htm#8075.0503 (accessed Jun. 5, 2024).

8075.0101
Definitions 8075.0102
Nature of District 8075.0103
Confirmation and Director Election Required 8075.0104
Consent of Municipality Required 8075.0105
Findings of Public Purpose and Benefit 8075.0106
Initial District Territory 8075.0201
Governing Body 8075.0202
Temporary Directors 8075.0301
General Powers and Duties 8075.0302
Municipal Utility District Powers and Duties 8075.0303
Authority for Road Projects 8075.0304
Road Standards and Requirements 8075.0305
Compliance with Municipal Consent Ordinance or Resolution 8075.0401
Elections Regarding Taxes or Bonds 8075.0402
Operation and Maintenance Tax 8075.0403
Contract Taxes 8075.0501
Authority to Issue Bonds and Other Obligations 8075.0502
Taxes for Bonds 8075.0503
Bonds for Road Projects

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Accessed:
Jun. 5, 2024

§ 8075.0503’s source at texas.gov

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Location: https://texas.public.law/statutes/tex._spec._dist._local_laws_code_section_8075.0503

Original Source: Section 8075.0503 — Bonds for Road Projects, https://statutes.capitol.texas.gov/Docs/SD/htm/SD.8075.htm#8075.0503 (last accessed Jun. 5, 2024).

Tex. Spec. Dist. Local Laws Code Section 8075.0503 Bonds for Road Projects

Tex. Spec. Dist. Local Laws Code Section 8075.0503
Bonds for Road Projects