Sec. 7919A.0503. 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 2021, 87th Leg., R.S., Ch. 756 (H.B. 4627), Sec. 4(a), eff. March 31, 2022.
Structure Texas Statutes
Special District Local Laws Code
Title 6 - Water and Wastewater
Subtitle F - Municipal Utility Districts
Chapter 7919A - High Pointe Ranch Municipal Utility District No. 1 of Denton County
Subchapter E. Bonds and Other Obligations
Section 7919A.0501. Authority to Issue Bonds and Other Obligations