{"data":{"id":"us-tx/tex.-special-district-local-laws-code-7985.203","jurisdiction":"us-tx","citation":"Tex. Special District Local Laws Code § 7985.203","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. 456 (S.B. 1261), Sec. 1, eff. September 1, 2017.","path":["SPECIAL DISTRICT LOCAL LAWS CODE","TITLE 6. WATER AND WASTEWATER","SUBTITLE F. MUNICIPAL UTILITY DISTRICTS","CHAPTER 7985. MONTGOMERY COUNTY MUNICIPAL UTILITY DISTRICT NO. 157","SUBCHAPTER E. BONDS AND OTHER OBLIGATIONS"],"source_url":"https://statutes.capitol.texas.gov/Docs/SD/htm/SD.7985.htm#7985.203","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:41Z","sha256":"0723c3539eebb0f41299b303ec3a82857cc9e404646fa1e23cb0391d18627d07","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-special-district-local-laws-code-7985.202","next":"us-tx/tex.-special-district-local-laws-code-7985a.0101"},"notice":"GroundRules: Original legal text. Not legal advice."}