{"data":{"id":"us-tx/tex.-special-district-local-laws-code-7974.203","jurisdiction":"us-tx","citation":"Tex. Special District Local Laws Code § 7974.203","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 2017, 85th Leg., R.S., Ch. 11 (H.B. 1440), Sec. 1, eff. May 18, 2017.","path":["SPECIAL DISTRICT LOCAL LAWS CODE","TITLE 6. WATER AND WASTEWATER","SUBTITLE F. MUNICIPAL UTILITY DISTRICTS","CHAPTER 7974. MONTGOMERY COUNTY MUNICIPAL UTILITY DISTRICT NO. 154","SUBCHAPTER E. BONDS AND OTHER OBLIGATIONS"],"source_url":"https://statutes.capitol.texas.gov/Docs/SD/htm/SD.7974.htm#7974.203","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:41Z","sha256":"44fb697d69de48bdf991b37b034e71102d214e0a777b80739d5569d468db79a8","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-special-district-local-laws-code-7974.202","next":"us-tx/tex.-special-district-local-laws-code-7974a.0101"},"notice":"GroundRules: Original legal text. Not legal advice."}