Tex. Spec. Dist. Local Laws Code Section 8434.253
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. 623 (S.B. 1838), Sec. 1, eff. June 14, 2013.

Source: Section 8434.253 — Bonds for Road Projects, https://statutes.capitol.texas.gov/Docs/SD/htm/SD.8434.htm#8434.253 (accessed Jun. 5, 2024).

8434.001
Definitions 8434.002
Nature of District 8434.003
Confirmation and Directors’ Election Required 8434.004
Consent of Municipality Required 8434.005
Findings of Public Purpose and Benefit 8434.006
Initial District Territory 8434.007
Eligibility for Inclusion in Tax Increment Reinvestment Zone 8434.051
Governing Body 8434.052
Temporary Directors 8434.101
General Powers and Duties 8434.102
Municipal Utility District Powers and Duties 8434.103
Authority for Road Projects 8434.104
Road Standards and Requirements 8434.105
Costs of Road Project 8434.106
Compliance with Municipal Consent Ordinance or Resolution 8434.107
Municipal Consent 8434.108
Effect of Annexation by City of Martindale 8434.151
Division of District 8434.152
Law Applicable to New District 8434.153
Limitation on Area of New District 8434.154
Division Procedures 8434.155
Confirmation Election for New District 8434.156
Tax or Bond Election 8434.201
Elections Regarding Taxes or Bonds 8434.202
Operation and Maintenance Tax 8434.203
Contract Taxes 8434.251
Authority to Issue Bonds and Other Obligations 8434.252
Taxes for Bonds 8434.253
Bonds for Road Projects

Accessed:
Jun. 5, 2024

§ 8434.253’s source at texas.gov

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Location: https://texas.public.law/statutes/tex._spec._dist._local_laws_code_section_8434.253

Original Source: Section 8434.253 — Bonds for Road Projects, https://statutes.capitol.texas.gov/Docs/SD/htm/SD.8434.htm#8434.253 (last accessed Jun. 5, 2024).