{"data":{"id":"us-tx/tex.-special-district-local-laws-code-8199.203","jurisdiction":"us-tx","citation":"Tex. Special District Local Laws Code § 8199.203","heading":"BONDS FOR ROAD PROJECTS.","body":"(a) 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.\n(b) The district may not issue bonds payable from ad valorem taxes to finance a road project unless the issuance is approved by a vote of a two-thirds majority of the district voters voting at an election held for that purpose.\nAdded by Acts 2011, 82nd Leg., R.S., Ch. 296 (H.B. 1932), Sec. 3, eff. June 17, 2011.","path":["SPECIAL DISTRICT LOCAL LAWS CODE","TITLE 6. WATER AND WASTEWATER","SUBTITLE F. MUNICIPAL UTILITY DISTRICTS For contingent expiration of this chapter, see Section 8199.003.","CHAPTER 8199. WILLIAMSON-LIBERTY HILL MUNICIPAL UTILITY DISTRICT","SUBCHAPTER E. BONDS"],"source_url":"https://statutes.capitol.texas.gov/Docs/SD/htm/SD.8199.htm#8199.203","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:41Z","sha256":"1602c63ed709d435e71e12bc0a4b4c07f98f73f3cc085c49e00259832e82fb78","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-special-district-local-laws-code-8199.202","next":"us-tx/tex.-special-district-local-laws-code-8200.001"},"notice":"GroundRules: Original legal text. Not legal advice."}