Texas § GV.1471.011 - AUTHORITY TO ISSUE ROAD BONDS
Full text of Texas The Texas Constitution § GV.1471.011 — AUTHORITY TO ISSUE ROAD BONDS, with citation guidance and answers to common questions.
§ GV.1471.011. AUTHORITY TO ISSUE ROAD BONDS
AUTHORITY TO ISSUE ROAD BONDS. (a) In this section, "bonds" includes tax anticipation notes, bond anticipation notes, and other obligations. (b) A political subdivision may issue bonds in the manner provided by this chapter and Section 52 , Article III, Texas Constitution, to: (1) construct, purchase, maintain, or operate a macadamized, graveled, or paved road or turnpike; or (2) aid a purpose described by Subdivision (1). (c) An issuer of bonds under Subsection (b) may impose ad valorem taxes to pay the interest on the bonds and provide a sinking fund for the redemption of the bonds. (d) The total amount of bonds issued under this chapter may not exceed one-fourth of the assessed value of real property of the political subdivision issuing the bonds. (e) In determining the limitation imposed by Subsection (d), the assessed value of property of the political subdivision is the market value of the property as recorded by the chief appraiser of the appraisal district that appraises property for the political subdivision. Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.
Source: official Texas text · Last verified 2026-08-27
Frequently Asked Questions About Texas § GV.1471.011
What does The Texas Constitution § GV.1471.011 cover?
Section GV.1471.011 ("AUTHORITY TO ISSUE ROAD BONDS") is part of the The Texas Constitution, the codified statutory law of Texas. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Texas § GV.1471.011?
A common citation format is "The Texas Constitution § GV.1471.011" (Texas). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Texas law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Texas official source linked on this page or consult a licensed Texas attorney.
How does Texas § GV.1471.011 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Texas can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Texas.