{"data":{"id":"us-tx/tex.-special-district-local-laws-code-8239.201","jurisdiction":"us-tx","citation":"Tex. Special District Local Laws Code § 8239.201","heading":"AUTHORITY TO ISSUE BONDS AND OTHER OBLIGATIONS.","body":"(a) The district may issue bonds or other obligations payable wholly or partly from ad valorem taxes, impact fees, revenue, grants, or other district money, or any combination of those sources, to pay for any authorized district purpose.\n(b) The district may not issue bonds to finance projects authorized by Section 8239.102 unless the issuance is approved by a vote of a two-thirds majority of the voters of the district voting at an election called for that purpose.\n(c) Bonds or other obligations issued or incurred to finance projects authorized by Section 8239.102 may not exceed one-fourth of the assessed value of the real property in the district.\nAdded by Acts 2007, 80th Leg., R.S., Ch. 1138 (H.B. 4097), Sec. 1, eff. June 15, 2007.","path":["SPECIAL DISTRICT LOCAL LAWS CODE","TITLE 6. WATER AND WASTEWATER","SUBTITLE F. MUNICIPAL UTILITY DISTRICTS","CHAPTER 8239. GUNTER MUNICIPAL UTILITY DISTRICT NO. 2","SUBCHAPTER E. BONDS AND OTHER OBLIGATIONS"],"source_url":"https://statutes.capitol.texas.gov/Docs/SD/htm/SD.8239.htm#8239.201","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:41Z","sha256":"032fee8eee7d9453662b20e8a92bc65a1e58854db77600d7332e4f832a73084c","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-special-district-local-laws-code-8239.152","next":"us-tx/tex.-special-district-local-laws-code-8239.202"},"notice":"GroundRules: Original legal text. Not legal advice."}