Sec. 3951.206. 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 2017, 85th Leg., R.S., Ch. 667 (S.B. 2276), Sec. 1, eff. June 12, 2017.
Structure Texas Statutes
Special District Local Laws Code
Title 4 - Development and Improvement
Subtitle C - Development, Improvement, and Management
Chapter 3951 - Lakewood Improvement District of Harris County
Section 3951.201. Elections Regarding Taxes and Bonds
Section 3951.202. Operation and Maintenance Tax
Section 3951.203. Contract Taxes
Section 3951.204. Authority to Borrow Money and to Issue Bonds and Other Obligations