Tex. Spec. Dists. Code § 3870.203
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 issued or incurred to finance road projects and payable from ad valorem taxes may not exceed one-fourth of the assessed value of the real property in the district.
Tex. Spec. Dist. Loc. Laws § 3870.203