Sec. 3870.203. 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 2009, 81st Leg., R.S., Ch. 245 (S.B. 2470), Sec. 1, eff. September 1, 2009.
Bonds For Road Projects
Tex. Special District Local Laws Code § 3870.203, under Chapter 3870. Maverick Improvement Districtof Palo Pinto County.
Tex. Special District Local Laws Code § 3870.203