Sec. 314.046. ASSESSMENTS LEVIED. (a) The governing body may make an assessment only by ordinance.
(b) An assessment may:
(1) be made payable in not more than 16 installments maturing within 15 years; and
(2) bear interest at not more than eight percent a year.
Acts 1995, 74th Leg., ch. 165, Sec. 1, eff. Sept. 1, 1995.
Structure Texas Statutes
Subtitle E - Municipal Streets
Chapter 314 - Purchase or Condemnation of Property for Highways by Certain Municipalities
Section 314.042. Notice to Owner of Assessment
Section 314.043. Notice to County Clerk of Assessment
Section 314.044. Hearing on Assessment
Section 314.046. Assessments Levied
Section 314.047. Hearing on Assessment Before Condemnation Commission
Section 314.049. Enforcement of Assessment
Section 314.050. Suit on Certificate
Section 314.051. Reassessments
Section 314.052. Deficiency Assessments
Section 314.053. Suit to Set Aside or Correct Assessment or Reassessment