Sec. 3845.203. 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 may not exceed one-fourth of the assessed value of the real property in the district. Added by Acts 2009, 81st Leg., R.S., Ch. 1079 (H.B. 4759), Sec. 1, eff. June 19, 2009.
Bonds For Road Projects
Tex. Special District Local Laws Code § 3845.203, under Chapter 3845. Tornillo Management District.
Tex. Special District Local Laws Code § 3845.203