Tex. Spec. Dist. Local Laws Code § 3891.157 · Subchapter D. GENERAL FINANCIAL PROVISIONS
BONDS FOR ROAD PROJECTS.
Verbatim from the official edition
Text — Current through the 89th 2nd Called Legislative Session, 2025
At the time of issuance the total principal amount of bonds or other obligations incurred to finance a road project may not exceed one-fourth of the assessed value of real property in the district.
Notes and commentary — not statutory text
History
Added by Acts 2009, 81st Leg., R.S., Ch. 1102 (H.B. 4829), Sec. 1, eff. June 19, 2009.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/SD/htm/SD.3891.htm
- Text hash
- sha256 40e292ca1cd2c90e19c3486788bdc1c7d10934a306ac3e995546950447d96ad0
- 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
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.