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.