Tex. Spec. Dist. Local Laws Code Section 9038.203
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 2009, 81st Leg., R.S., Ch. 584 (S.B. 2464), Sec. 1, eff. June 19, 2009.

Source: Section 9038.203 — Bonds for Road Projects, https://statutes.capitol.texas.gov/Docs/SD/htm/SD.9038.htm#9038.203 (accessed Jun. 5, 2024).

9038.001
Definitions 9038.002
Nature of District 9038.003
Confirmation and Directors’ Election Required 9038.004
Consent of Municipality and Development Agreement Required 9038.005
Findings of Public Purpose and Benefit 9038.006
Initial District Territory 9038.051
Governing Body 9038.052
Temporary Directors 9038.101
General Powers and Duties 9038.102
Water Control and Improvement District Powers and Duties 9038.103
Authority for Road Projects 9038.104
Road Standards and Requirements 9038.105
Water and Wastewater Infrastructure 9038.106
Compliance with Municipal Consent Ordinance or Resolution and Development Agreement 9038.107
Limitation on Use of Eminent Domain 9038.108
Division of District 9038.109
Limitation on Annexation of Land by District 9038.110
Municipal Annexation Adjacent to District 9038.151
Elections Regarding Taxes or Bonds 9038.152
Operation and Maintenance Tax 9038.153
Contract Taxes 9038.201
Authority to Issue Bonds and Other Obligations 9038.202
Taxes for Bonds 9038.203
Bonds for Road Projects

Accessed:
Jun. 5, 2024

§ 9038.203’s source at texas.gov

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Location: https://texas.public.law/statutes/tex._spec._dist._local_laws_code_section_9038.203

Original Source: Section 9038.203 — Bonds for Road Projects, https://statutes.capitol.texas.gov/Docs/SD/htm/SD.9038.htm#9038.203 (last accessed Jun. 5, 2024).