{"data":{"id":"us-tx/tex.-special-district-local-laws-code-3870.203","jurisdiction":"us-tx","citation":"Tex. Special District Local Laws Code § 3870.203","heading":"BONDS FOR ROAD PROJECTS.","body":"At the time of issuance, the total principal amount of bonds or other obligations issued or incurred to finance road projects and payable from ad valorem taxes may not exceed one-fourth of the assessed value of the real property in the district.\nAdded by Acts 2009, 81st Leg., R.S., Ch. 245 (S.B. 2470), Sec. 1, eff. September 1, 2009.","path":["SPECIAL DISTRICT LOCAL LAWS CODE","TITLE 4. DEVELOPMENT AND IMPROVEMENT","SUBTITLE C. DEVELOPMENT, IMPROVEMENT, AND MANAGEMENT","CHAPTER 3870. MAVERICK IMPROVEMENT DISTRICT OF PALO PINTO COUNTY","SUBCHAPTER E. BONDS AND OTHER OBLIGATIONS"],"source_url":"https://statutes.capitol.texas.gov/Docs/SD/htm/SD.3870.htm#3870.203","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:41Z","sha256":"7b46128f787a5a88ef9f91eef3ae25310db93fa461ff6e33f39868be8cec5fd4","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-special-district-local-laws-code-3870.202","next":"us-tx/tex.-special-district-local-laws-code-3871.001"},"notice":"GroundRules: Original legal text. Not legal advice."}