Tex. Spec. Dist. Local Laws Code Section 8152.0503
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 2021, 87th Leg., R.S., Ch. 112 (S.B. 2146), Sec. 1, eff. May 24, 2021.

Source: Section 8152.0503 — Bonds for Road Projects, https://statutes.capitol.texas.gov/Docs/SD/htm/SD.8152.htm#8152.0503 (accessed Jun. 5, 2024).

8152.0101
Definitions 8152.0102
Nature of District 8152.0103
Confirmation and Director Election Required 8152.0104
Consent of Municipality Required 8152.0105
Findings of Public Purpose and Benefit 8152.0106
Initial District Territory 8152.0201
Governing Body 8152.0202
Temporary Directors 8152.0301
General Powers and Duties 8152.0302
Municipal Utility District Powers and Duties 8152.0303
Authority for Road Projects 8152.0304
Road Standards and Requirements 8152.0305
Compliance with Municipal Consent Ordinance or Resolution 8152.0401
Elections Regarding Taxes or Bonds 8152.0402
Operation and Maintenance Tax 8152.0403
Contract Taxes 8152.0501
Authority to Issue Bonds and Other Obligations 8152.0502
Taxes for Bonds 8152.0503
Bonds for Road Projects

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Accessed:
Jun. 5, 2024

§ 8152.0503’s source at texas.gov

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Location: https://texas.public.law/statutes/tex._spec._dist._local_laws_code_section_8152.0503

Original Source: Section 8152.0503 — Bonds for Road Projects, https://statutes.capitol.texas.gov/Docs/SD/htm/SD.8152.htm#8152.0503 (last accessed Jun. 5, 2024).

Tex. Spec. Dist. Local Laws Code Section 8152.0503 Bonds for Road Projects

Tex. Spec. Dist. Local Laws Code Section 8152.0503
Bonds for Road Projects