Sec. 3927.206. 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 and payable from ad valorem taxes may not exceed one-fourth of the assessed value of the real property in the district.
Added by Acts 2013, 83rd Leg., R.S., Ch. 1374 (S.B. 1906), Sec. 1, eff. June 14, 2013.
Structure Texas Statutes
Special District Local Laws Code
Title 4 - Development and Improvement
Subtitle C - Development, Improvement, and Management
Chapter 3927 - Fort Bend County Municipal Management District No. 1
Section 3927.201. Elections Regarding Taxes and Bonds
Section 3927.202. Operation and Maintenance Tax
Section 3927.203. Contract Taxes
Section 3927.204. Authority to Borrow Money and to Issue Bonds and Other Obligations
Section 3927.205. Taxes for Bonds