{"data":{"id":"us-tx/tex.-special-district-local-laws-code-8257.0603","jurisdiction":"us-tx","citation":"Tex. Special District Local Laws Code § 8257.0603","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. 104 (S.B. 2504), Sec. 1, eff. May 22, 2019.","path":["SPECIAL DISTRICT LOCAL LAWS CODE","TITLE 6. WATER AND WASTEWATER","SUBTITLE F. MUNICIPAL UTILITY DISTRICTS","CHAPTER 8257. MAGNOLIA WOODS MUNICIPAL UTILITY DISTRICT NO. 1","SUBCHAPTER F. BONDS AND OTHER OBLIGATIONS"],"source_url":"https://statutes.capitol.texas.gov/Docs/SD/htm/SD.8257.htm#8257.0603","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:41Z","sha256":"a212b0305eaf3bc39dcffd8a68d443d913c9816afa4ef5f2c0549ba83b8ad5b9","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-special-district-local-laws-code-8257.0602","next":"us-tx/tex.-special-district-local-laws-code-8258.001"},"notice":"GroundRules: Original legal text. Not legal advice."}