Tex. Spec. Dist. Local Laws Code Section 9091.0503
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 2021, 87th Leg., R.S., Ch. 784 (S.B. 2193), Sec. 1, eff. June 16, 2021.

Source: Section 9091.0503 — Bonds for Road Projects, https://statutes.capitol.texas.gov/Docs/SD/htm/SD.9091.htm#9091.0503 (accessed May 4, 2024).

9091.0101
Definitions 9091.0102
Nature of District 9091.0103
Confirmation and Directors’ Election Required 9091.0104
Consent of Municipality Required 9091.0105
Findings of Public Purpose and Benefit 9091.0106
Initial District Territory 9091.0201
Governing Body 9091.0202
Temporary Directors 9091.0301
General Powers and Duties 9091.0302
Authority for Road Projects 9091.0303
Road Standards and Requirements 9091.0304
Compliance with Municipal Consent Ordinance or Resolution 9091.0305
Division of District 9091.0306
Authority to Establish Defined Areas or Designated Property 9091.0307
Procedure for Election 9091.0308
Declaring Result and Issuing Order 9091.0309
Taxes for Services, Improvements, and Facilities in Defined Areas or Designated Property 9091.0310
Issuance of Bonds for Defined Area or Designated Property 9091.0401
Elections Regarding Taxes or Bonds 9091.0402
Operation and Maintenance Tax 9091.0403
Contract Taxes 9091.0501
Authority to Issue Bonds and Other Obligations 9091.0502
Taxes for Bonds 9091.0503
Bonds for Road Projects

Accessed:
May 4, 2024

§ 9091.0503’s source at texas.gov

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Location: https://texas.public.law/statutes/tex._spec._dist._local_laws_code_section_9091.0503

Original Source: Section 9091.0503 — Bonds for Road Projects, https://statutes.capitol.texas.gov/Docs/SD/htm/SD.9091.htm#9091.0503 (last accessed May 4, 2024).