Sec. 9074.203. 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 2017, 85th Leg., R.S., Ch. 664 (S.B. 2273), Sec. 1, eff. June 12, 2017.
Structure Texas Statutes
Special District Local Laws Code
Title 6 - Water and Wastewater
Subtitle I - Water Control and Improvement Districts
Chapter 9074 - Kendall County Water Control and Improvement District No. 4
Subchapter E. Bonds and Other Obligations
Section 9074.201. Authority to Issue Bonds and Other Obligations