Sec. 3848.206. LIMIT ON PARKS AND RECREATION BONDS. Bonds issued to finance parks and recreational facilities may not exceed one percent of the assessed value of the real property in the district according to the most recent certified tax appraisal roll for Harris County.
Added by Acts 2007, 80th Leg., R.S., Ch. 1315 (S.B. 1123), Sec. 2, eff. June 15, 2007.
Structure Texas Statutes
Special District Local Laws Code
Title 4 - Development and Improvement
Subtitle C - Development, Improvement, and Management
Chapter 3848 - Harris County Improvement District No. 8
Subchapter E. Financial Provisions
Section 3848.201. Disbursements and Transfers of Money
Section 3848.202. Maintenance Tax
Section 3848.203. Assessments; Liens for Assessments
Section 3848.204. Utility Property Exempt From Impact Fees and Assessments
Section 3848.205. Bonds and Other Obligations
Section 3848.206. Limit on Parks and Recreation Bonds
Section 3848.207. Tax and Bond Elections
Section 3848.208. Municipality Not Required to Pay District Obligations