BONDS FOR ROAD PROJECTS.
Tex. SPEC. DIST. LOCAL LAWS Code § 3900.207.
in effectAt the time of issuance, the total principal amount of bonds or other obligations issued or incurred to finance road projects may not exceed one-fourth of the assessed value of the real property in the district.
Added by Acts 2011, 82nd Leg., R.S., Ch. 856 (H.B. 3831 ), Sec. 1, eff. September 1, 2011.
