Tex. Transp. Code § 314.046

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
Section 314.046 - Assessments Levied
(a) The governing body may make an assessment only by ordinance.
(b) An assessment may:
(1) be made payable in not more than 16 installments maturing within 15 years; and
(2) bear interest at not more than eight percent a year.

Tex. Transp. Code § 314.046

Acts 1995, 74th Leg., ch. 165, Sec. 1, eff. Sept. 1, 1995.