Sec. 9031.0503. 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. 471 (H.B. 4668), Sec. 1, eff. June 14, 2021.
Structure Texas Statutes
Special District Local Laws Code
Title 6 - Water and Wastewater
Subtitle I - Water Control and Improvement Districts
Chapter 9031 - Medina County Water Control and Improvement District No. 4
Subchapter E. Bonds and Other Obligations
Section 9031.0501. Authority to Issue Bonds and Other Obligations