Sec. 7956.203. 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 2015, 84th Leg., R.S., Ch. 911 (S.B. 2057), Sec. 1.02, eff. September 1, 2015.
Structure Texas Statutes
Special District Local Laws Code
Title 6 - Water and Wastewater
Subtitle F - Municipal Utility Districts
Chapter 7956 - Double R Municipal Utility District No. 2 of Hunt County
Subchapter E. Bonds and Other Obligations
Section 7956.201. Authority to Issue Bonds and Other Obligations