Tex. Gov't Code § 1471.054 · Subchapter C. REFINANCING ROAD DISTRICT BONDS THROUGH ASSESSMENTS
PREPARATION OF ASSESSMENT.
Text — Current through the 89th 2nd Called Legislative Session, 2025
Before issuing bonds or certificates under this subchapter, the road district by order shall:
(1) determine, as appropriate, the amount necessary to pay all or a part of the principal of and interest on:
(A) the refunding bonds on maturity; or
(B) the outstanding bonded indebtedness of the district;
(2) prepare a plan the district determines is equitable for apportioning the amount determined under Subdivision (1) among the record owners of real property in the district based on the ratio that the appraised value of each lot or parcel in the district bears to the total appraised value of real property in the district; and
(3) hold a public hearing on the district's intention to issue bonds or certificates.
Notes and commentary — not statutory text
History
Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/GV/htm/GV.1471.htm
- Text hash
- sha256 5b64315ef9e0839ebb22407b5abd0c912be87f2c869741ae961362af2a5cf5a7
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
Cited by 1 provision
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Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.