Tex. Spec. Dist. Local Laws Code Section 8492.253
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 2015, 84th Leg., R.S., Ch. 269 (H.B. 1372), Sec. 1, eff. June 1, 2015.

Source: Section 8492.253 — Bonds for Road Projects, https://statutes.capitol.texas.gov/Docs/SD/htm/SD.8492.htm#8492.253 (accessed Jun. 5, 2024).

8492.001
Definitions 8492.002
Nature of District 8492.003
Confirmation and Directors’ Election Required 8492.004
Consent of Municipality Required 8492.005
Findings of Public Purpose and Benefit 8492.006
Initial District Territory 8492.051
Governing Body 8492.052
Temporary Directors 8492.101
General Powers and Duties 8492.102
Municipal Utility District Powers and Duties 8492.103
Authority for Road Projects 8492.104
Road Standards and Requirements 8492.105
Compliance with Municipal Consent Ordinance or Resolution 8492.151
Division of District 8492.152
Law Applicable to New District 8492.153
Limitation on Area of New District 8492.154
Division Procedures 8492.155
Confirmation Election for New District 8492.156
Tax or Bond Election 8492.157
Municipal Consent 8492.201
Elections Regarding Taxes or Bonds 8492.202
Operation and Maintenance Tax 8492.203
Contract Taxes 8492.251
Authority to Issue Bonds and Other Obligations 8492.252
Taxes for Bonds 8492.253
Bonds for Road Projects

Up to date

Accessed:
Jun. 5, 2024

§ 8492.253’s source at texas.gov

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Location: https://texas.public.law/statutes/tex._spec._dist._local_laws_code_section_8492.253

Original Source: Section 8492.253 — Bonds for Road Projects, https://statutes.capitol.texas.gov/Docs/SD/htm/SD.8492.htm#8492.253 (last accessed Jun. 5, 2024).

Tex. Spec. Dist. Local Laws Code Section 8492.253 Bonds for Road Projects

Tex. Spec. Dist. Local Laws Code Section 8492.253
Bonds for Road Projects