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Tex. Special District Local Laws Code § 8344.251

BONDS FOR ROAD PROJECTS

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

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Tex. Special District Local Laws Code § 8344.251, BONDS FOR ROAD PROJECTS, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/615178
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(a) The district may not issue bonds payable from ad valorem taxes to finance a road project unless the issuance is approved by a vote of a two-thirds majority of the district voters voting at an election held for that purpose. (b) 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.