Sec. 3891.157. BONDS FOR ROAD PROJECTS. At the time of issuance the total principal amount of bonds or other obligations incurred to finance a road project may not exceed one-fourth of the assessed value of real property in the district.
Added by Acts 2009, 81st Leg., R.S., Ch. 1102 (H.B. 4829), Sec. 1, eff. June 19, 2009.
Structure Texas Statutes
Special District Local Laws Code
Title 4 - Development and Improvement
Subtitle C - Development, Improvement, and Management
Chapter 3891 - Harris-Montgomery Counties Management District
Subchapter D. General Financial Provisions
Section 3891.151. Operation and Maintenance Tax
Section 3891.152. Contract Taxes
Section 3891.153. Authority to Issue Bonds and Other Obligations
Section 3891.154. Hotel Occupancy Tax
Section 3891.155. Sales and Use Tax
Section 3891.156. Taxes for Bonds
Section 3891.157. Bonds for Road Projects
Section 3891.1571. Bonds for Recreational Facilities