Special District Local Laws Code § 9046.101
The district may issue bonds or other obligations for road projects, but ad valorem-tax-backed bonds need two-thirds voter approval and the total principal amount cannot exceed one-fourth of assessed real property value.
- Jurisdiction
- United States — Texas
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- Code
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- Language
- en
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bond issuance road projects tax-backed financing
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Special District Local Laws Code § 9046.101
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