Tex. Spec. Dist. Local Laws Code Section 8451.203
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. 1334 (S.B. 752), Sec. 1, eff. June 14, 2013.

Source: Section 8451.203 — Bonds for Road Projects, https://statutes.capitol.texas.gov/Docs/SD/htm/SD.8451.htm#8451.203 (accessed Jun. 5, 2024).

8451.001
Definitions 8451.002
Nature of District 8451.003
Confirmation and Directors’ Election Required 8451.004
Consent of Municipality Required 8451.005
Findings of Public Purpose and Benefit 8451.006
Initial District Territory 8451.051
Governing Body 8451.052
Temporary Directors 8451.101
General Powers and Duties 8451.102
Municipal Utility District Powers and Duties 8451.103
Authority for Road Projects 8451.104
Road Standards and Requirements 8451.105
Compliance with Municipal Consent Ordinance or Resolution 8451.151
Elections Regarding Taxes or Bonds 8451.152
Operation and Maintenance Tax 8451.153
Contract Taxes 8451.201
Authority to Issue Bonds and Other Obligations 8451.202
Taxes for Bonds 8451.203
Bonds for Road Projects

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Accessed:
Jun. 5, 2024

§ 8451.203’s source at texas.gov

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Location: https://texas.public.law/statutes/tex._spec._dist._local_laws_code_section_8451.203

Original Source: Section 8451.203 — Bonds for Road Projects, https://statutes.capitol.texas.gov/Docs/SD/htm/SD.8451.htm#8451.203 (last accessed Jun. 5, 2024).

Tex. Spec. Dist. Local Laws Code Section 8451.203 Bonds for Road Projects

Tex. Spec. Dist. Local Laws Code Section 8451.203
Bonds for Road Projects