Tex. Spec. Dists. Code § 3891.157
Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
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.
Tex. Spec. Dist. Loc. Laws § 3891.157