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Tex. Special District Local Laws Code § 8016A.0503

BONDS FOR ROAD PROJECTS

Texas · Texas Special District Local Laws Code · Status: effective

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Tex. Special District Local Laws Code § 8016A.0503, BONDS FOR ROAD PROJECTS, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/608386
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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.