Tex. Spec. Dist. Local Laws Code Section 8241.202
Bonds for Road Projects

At the time of issuance, the total principal amount of a bond, note, or other obligation issued or incurred to finance a road project may not exceed one-fourth of the assessed value of real property in the district according to the most recent certified tax appraisal roll for Montgomery County.

Added by Acts 2007, 80th Leg., R.S., Ch. 948 (H.B. 3998), Sec. 1, eff. June 15, 2007.

Source: Section 8241.202 — Bonds for Road Projects, https://statutes.capitol.texas.gov/Docs/SD/htm/SD.8241.htm#8241.202 (accessed Jun. 5, 2024).

8241.001
Definitions 8241.002
Nature of District 8241.003
Confirmation Election Required 8241.004
Findings of Benefit and Public Purpose 8241.005
Initial District Territory 8241.051
Governing Body 8241.101
General Powers and Duties 8241.102
Municipal Utility District Powers and Duties 8241.103
Road Projects 8241.104
Compliance with Municipal Consent Resolution 8241.105
Recreational Facilities 8241.151
Elections Regarding Taxes or Bonds 8241.152
Operation and Maintenance Tax 8241.201
Authority to Issue Bonds and Other Obligations 8241.202
Bonds for Road Projects 8241.203
Bonds for Recreational Facilities 8241.204
Taxes for Bonds and Other Obligations

Up to date

Accessed:
Jun. 5, 2024

§ 8241.202’s source at texas.gov

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Location: https://texas.public.law/statutes/tex._spec._dist._local_laws_code_section_8241.202

Original Source: Section 8241.202 — Bonds for Road Projects, https://statutes.capitol.texas.gov/Docs/SD/htm/SD.8241.htm#8241.202 (last accessed Jun. 5, 2024).

Tex. Spec. Dist. Local Laws Code Section 8241.202 Bonds for Road Projects

Tex. Spec. Dist. Local Laws Code Section 8241.202
Bonds for Road Projects