Sec. 8206.202. BONDS FOR ROAD PROJECTS. At the time of issuance, the total principal amount of a bond, note, or other obligation issued or incurred to finance a road project may not exceed one-fourth of the assessed value of real property in the district according to the most recent certified tax appraisal roll for Montgomery County.
Added by Acts 2007, 80th Leg., R.S., Ch. 439 (S.B. 1966), Sec. 1, eff. June 15, 2007.
Structure Texas Statutes
Special District Local Laws Code
Title 6 - Water and Wastewater
Subtitle F - Municipal Utility Districts
Chapter 8206 - Montgomery County Municipal Utility District No. 123
Section 8206.201. Authority to Issue Bonds and Other Obligations
Section 8206.202. Bonds for Road Projects