Tex. Spec. Dist. Local Laws Code Section 8422.203
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 2013, 83rd Leg., R.S., Ch. 754 (S.B. 623), Sec. 1, eff. June 14, 2013.

Source: Section 8422.203 — Bonds for Road Projects, https://statutes.capitol.texas.gov/Docs/SD/htm/SD.8422.htm#8422.203 (accessed Apr. 29, 2024).

8422.001
Definitions 8422.002
Nature of District 8422.003
Confirmation and Directors’ Election Required 8422.004
Consent of Municipality Required 8422.005
Findings of Public Purpose and Benefit 8422.006
Initial District Territory 8422.051
Governing Body 8422.052
Temporary Directors 8422.101
General Powers and Duties 8422.102
Municipal Utility District Powers and Duties 8422.103
Authority for Road Projects 8422.104
Road Standards and Requirements 8422.105
Compliance with Municipal Consent Ordinance or Resolution 8422.151
Elections Regarding Taxes or Bonds 8422.152
Operation and Maintenance Tax 8422.153
Contract Taxes 8422.201
Authority to Issue Bonds and Other Obligations 8422.202
Taxes for Bonds 8422.203
Bonds for Road Projects

Up to date

Accessed:
Apr. 29, 2024

§ 8422.203’s source at texas.gov

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Location: https://texas.public.law/statutes/tex._spec._dist._local_laws_code_section_8422.203

Original Source: Section 8422.203 — Bonds for Road Projects, https://statutes.capitol.texas.gov/Docs/SD/htm/SD.8422.htm#8422.203 (last accessed Apr. 29, 2024).

Tex. Spec. Dist. Local Laws Code Section 8422.203 Bonds for Road Projects

Tex. Spec. Dist. Local Laws Code Section 8422.203
Bonds for Road Projects