Sec. 9084.0503. 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 2019, 86th Leg., R.S., Ch. 933 (H.B. 4643), Sec. 1, eff. June 10, 2019.
Structure Texas Statutes
Special District Local Laws Code
Title 6 - Water and Wastewater
Subtitle I - Water Control and Improvement Districts
Chapter 9084 - Wood Trace Water Control and Improvement District of Montgomery County, Texas
Subchapter E. Bonds and Other Obligations
Section 9084.0501. Authority to Issue Bonds and Other Obligations
Section 9084.0502. Taxes for Bonds