Sec. 3900.207. BONDS FOR ROAD PROJECTS. At 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.
Structure Texas Statutes
Special District Local Laws Code
Title 4 - Development and Improvement
Subtitle C - Development, Improvement, and Management
Chapter 3900 - Montecillo Municipal Management District No. 1
Section 3900.201. Bonds and Other Obligations
Section 3900.202. Approval by City; Bond Issuance Plan
Section 3900.203. Elections Regarding Taxes or Bonds
Section 3900.204. Operation and Maintenance Tax
Section 3900.205. Contract Taxes
Section 3900.206. Taxes for Bonds