Texas HB5662 grants the Fort Bend County Water Control and Improvement District No. 12 authority to issue bonds for road projects.
HB5662 amends the Special District Local Laws Code to add a chapter specifically for the Fort Bend County Water Control and Improvement District No. 12. The district is authorized to design, acquire, construct, finance, issue bonds for, improve, operate, maintain, and convey roads to the state, a county, or a municipality. The total principal amount of bonds issued for road projects cannot exceed one-fourth of the assessed value of the real property in the district.
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