Texas Special District Local Laws Code 11004.203 – Bonds for Road Projects
Current as of: 2024 | Check for updates
|
Other versions
Terms Used In Texas Special District Local Laws Code 11004.203
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
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.