{"data":{"id":"us-tx/tex.-special-district-local-laws-code-7892.0503","jurisdiction":"us-tx","citation":"Tex. Special District Local Laws Code § 7892.0503","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 2019, 86th Leg., R.S., Ch. 1207 (H.B. 4741), Sec. 1, eff. September 1, 2019.","path":["SPECIAL DISTRICT LOCAL LAWS CODE","TITLE 6. WATER AND WASTEWATER","SUBTITLE F. MUNICIPAL UTILITY DISTRICTS","CHAPTER 7892. GRAYSON COUNTY MUNICIPAL UTILITY DISTRICT NO. 5","SUBCHAPTER E. BONDS AND OTHER OBLIGATIONS"],"source_url":"https://statutes.capitol.texas.gov/Docs/SD/htm/SD.7892.htm#7892.0503","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:41Z","sha256":"04d23d3f729167be7cf25bddceb58933ea4c9b07beb42c9aab68da8b3b169bf3","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-special-district-local-laws-code-7892.0502","next":"us-tx/tex.-special-district-local-laws-code-7893.0101"},"notice":"GroundRules: Original legal text. Not legal advice."}