Tex. Spec. Dist. Local Laws Code Section 8472.203
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. 1247 (S.B. 1899), Sec. 1, eff. June 14, 2013.

Source: Section 8472.203 — Bonds for Road Projects, https://statutes.capitol.texas.gov/Docs/SD/htm/SD.8472.htm#8472.203 (accessed Jun. 5, 2024).

8472.001
Definitions 8472.002
Nature of District 8472.003
Confirmation and Directors’ Election Required 8472.004
Consent of Municipality Required 8472.005
Findings of Public Purpose and Benefit 8472.006
Initial District Territory 8472.051
Governing Body 8472.052
Temporary Directors 8472.101
General Powers and Duties 8472.102
Municipal Utility District Powers and Duties 8472.103
Authority for Road Projects 8472.104
Road Standards and Requirements 8472.105
Compliance with Municipal Consent Ordinance or Resolution 8472.151
Elections Regarding Taxes or Bonds 8472.152
Operation and Maintenance Tax 8472.153
Contract Taxes 8472.201
Authority to Issue Bonds and Other Obligations 8472.202
Taxes for Bonds 8472.203
Bonds for Road Projects 8472.251
Petition Required for Financing Improvements and Recreational Facilities with Assessments 8472.252
Miscellaneous Design, Construction, and Maintenance 8472.253
Method of Notice for Hearing 8472.254
Assessments 8472.255
Utility Property Exempt from Assessments

Accessed:
Jun. 5, 2024

§ 8472.203’s source at texas.gov

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Location: https://texas.public.law/statutes/tex._spec._dist._local_laws_code_section_8472.203

Original Source: Section 8472.203 — Bonds for Road Projects, https://statutes.capitol.texas.gov/Docs/SD/htm/SD.8472.htm#8472.203 (last accessed Jun. 5, 2024).