{"data":{"id":"us-tx/tex.-special-district-local-laws-code-8048.0503","jurisdiction":"us-tx","citation":"Tex. Special District Local Laws Code § 8048.0503","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. 563 (S.B. 2530), Sec. 1, eff. September 1, 2019.","path":["SPECIAL DISTRICT LOCAL LAWS CODE","TITLE 6. WATER AND WASTEWATER","SUBTITLE F. MUNICIPAL UTILITY DISTRICTS","CHAPTER 8048. VAN ALSTYNE MUNICIPAL UTILITY DISTRICT NO. 2 OF COLLIN COUNTY","SUBCHAPTER E. BONDS AND OTHER OBLIGATIONS"],"source_url":"https://statutes.capitol.texas.gov/Docs/SD/htm/SD.8048.htm#8048.0503","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:41Z","sha256":"7a99f4f42661f32b9cbca1d51698376ceced721520c6dfa7fca26c3e84bde3c9","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-special-district-local-laws-code-8048.0502","next":"us-tx/tex.-special-district-local-laws-code-8048.0601"},"notice":"GroundRules: Original legal text. Not legal advice."}