Sec. 3900.207. 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 2011, 82nd Leg., R.S., Ch. 856 (H.B. 3831), Sec. 1, eff. September 1, 2011.
Bonds For Road Projects
Tex. Special District Local Laws Code § 3900.207, under Chapter 3900. Montecillo Municipal Management District No. 1.
Tex. Special District Local Laws Code § 3900.207