{"data":{"id":"us-tx/tex.-special-district-local-laws-code-7977a.0503","jurisdiction":"us-tx","citation":"Tex. Special District Local Laws Code § 7977A.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. 114 (S.B. 2580), Sec. 1, eff. May 23, 2023.","path":["SPECIAL DISTRICT LOCAL LAWS CODE","TITLE 6. WATER AND WASTEWATER","SUBTITLE F. MUNICIPAL UTILITY DISTRICTS","CHAPTER 7977A. LIBERTY COUNTY MUNICIPAL UTILITY DISTRICT NO. 12","SUBCHAPTER E. BONDS AND OTHER OBLIGATIONS"],"source_url":"https://statutes.capitol.texas.gov/Docs/SD/htm/SD.7977A.htm#7977A.0503","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:41Z","sha256":"e591c5edf14a6efbe26ec2774e9ee0658cb89f15c734e7cc56252e6e369f9c23","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-special-district-local-laws-code-7977a.0502","next":"us-tx/tex.-special-district-local-laws-code-7978.001"},"notice":"GroundRules: Original legal text. Not legal advice."}