Texas Special District Local Laws Code 3891.157 – Bonds for Road Projects
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Terms Used In Texas Special District Local Laws Code 3891.157
- 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 incurred to finance a road project may not exceed one-fourth of the assessed value of real property in the district.