{"data":{"id":"us-tx/tex.-special-district-local-laws-code-7960.0503","jurisdiction":"us-tx","citation":"Tex. Special District Local Laws Code § 7960.0503","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 2023, 88th Leg., R.S., Ch. 787 (H.B. 5344), Sec. 3(a), eff. June 13, 2023.","path":["SPECIAL DISTRICT LOCAL LAWS CODE","TITLE 6. WATER AND WASTEWATER","SUBTITLE F. MUNICIPAL UTILITY DISTRICTS","CHAPTER 7960. DEER CREEK RANCH MUNICIPAL UTILITY DISTRICT NO. 1","SUBCHAPTER E. BONDS AND OTHER OBLIGATIONS"],"source_url":"https://statutes.capitol.texas.gov/Docs/SD/htm/SD.7960.htm#7960.0503","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:41Z","sha256":"2d3f90cd2eb3afad955410a1d8834385d2166e2d21d582da3a9782a0efee5939","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-special-district-local-laws-code-7960.0502","next":"us-tx/tex.-special-district-local-laws-code-7960a.0101"},"notice":"GroundRules: Original legal text. Not legal advice."}