{"data":{"id":"us-tx/tex.-transportation-code-314.046","jurisdiction":"us-tx","citation":"Tex. Transportation Code § 314.046","heading":"ASSESSMENTS LEVIED.","body":"(a) The governing body may make an assessment only by ordinance.\n(b) An assessment may:\n(1) be made payable in not more than 16 installments maturing within 15 years; and\n(2) bear interest at not more than eight percent a year.\nActs 1995, 74th Leg., ch. 165, Sec. 1, eff. Sept. 1, 1995.","path":["TRANSPORTATION CODE","TITLE 6. ROADWAYS","SUBTITLE E. MUNICIPAL STREETS","CHAPTER 314. PURCHASE OR CONDEMNATION OF PROPERTY FOR HIGHWAYS BY CERTAIN MUNICIPALITIES","SUBCHAPTER D. ASSESSMENTS"],"source_url":"https://statutes.capitol.texas.gov/Docs/TN/htm/TN.314.htm#314.046","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:44Z","sha256":"9617b22fdad23f45eece5905632119bb8f8fda50fafcaf305b8a1452a99b9cf4","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-transportation-code-314.045","next":"us-tx/tex.-transportation-code-314.047"},"notice":"GroundRules: Original legal text. Not legal advice."}