Sec. 3927.206. 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 2013, 83rd Leg., R.S., Ch. 1374 (S.B. 1906), Sec. 1, eff. June 14, 2013.
Bonds For Road Projects
Tex. Special District Local Laws Code § 3927.206, under Chapter 3927. Fort Bend County Municipal Management District No. 1.
Tex. Special District Local Laws Code § 3927.206