{"data":{"id":"us-tx/tex.-special-district-local-laws-code-8065.0503","jurisdiction":"us-tx","citation":"Tex. Special District Local Laws Code § 8065.0503","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. 875 (H.B. 3047), Sec. 1, eff. June 10, 2019.","path":["SPECIAL DISTRICT LOCAL LAWS CODE","TITLE 6. WATER AND WASTEWATER","SUBTITLE F. MUNICIPAL UTILITY DISTRICTS","CHAPTER 8065. MONTGOMERY COUNTY MUNICIPAL UTILITY DISTRICT NO. 167","SUBCHAPTER E. BONDS AND OTHER OBLIGATIONS"],"source_url":"https://statutes.capitol.texas.gov/Docs/SD/htm/SD.8065.htm#8065.0503","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:41Z","sha256":"d4ca7caa740badc51fc768c1c181477ab68c49292106efef7b642097bf989070","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-special-district-local-laws-code-8065.0502","next":"us-tx/tex.-special-district-local-laws-code-8066.0101"},"notice":"GroundRules: Original legal text. Not legal advice."}