Tex. Spec. Dists. Code § 8232.202
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 a bond, note, or other obligation issued or incurred to finance a road project may not exceed one-fourth of the assessed value of real property in the district according to the most recent certified tax appraisal roll for Montgomery County.
Tex. Spec. Dist. Loc. Laws § 8232.202