Sec. 3982.0506. 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 2019, 86th Leg., R.S., Ch. 1006 (H.B. 4661), Sec. 1, eff. September 1, 2019.
Structure Texas Statutes
Special District Local Laws Code
Title 4 - Development and Improvement
Subtitle C - Development, Improvement, and Management
Chapter 3982 - Plum Creek Management District No. 1 of Liberty County
Section 3982.0501. Elections Regarding Taxes and Bonds
Section 3982.0502. Operation and Maintenance Tax
Section 3982.0503. Contract Taxes
Section 3982.0504. Authority to Borrow Money and to Issue Bonds and Other Obligations