Sec. 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.
Acts 1995, 74th Leg., ch. 165, Sec. 1, eff. Sept. 1, 1995.
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