{"data":{"id":"us-tx/tex.-special-district-local-laws-code-8258.201","jurisdiction":"us-tx","citation":"Tex. Special District Local Laws Code § 8258.201","heading":"AUTHORITY TO ISSUE BONDS AND OTHER OBLIGATIONS.","body":"(a) The district may issue bonds or other obligations as provided by Chapters 49 and 54, Water Code, to finance the construction, maintenance, or operation of a project under Section 8258.101 or 8258.103.\n(b) The district may not issue bonds or other obligations to finance projects authorized by Section 8258.103 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.\n(c) Bonds or other obligations issued or incurred to finance projects authorized by Section 8258.103 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. 1129 (H.B. 4069), Sec. 7.01, eff. September 1, 2007.","path":["SPECIAL DISTRICT LOCAL LAWS CODE","TITLE 6. WATER AND WASTEWATER","SUBTITLE F. MUNICIPAL UTILITY DISTRICTS For contingent expiration of this chapter, see Section 8258.003.","CHAPTER 8258. SANGANI RANCH MUNICIPAL UTILITY DISTRICT NO. 1 OF GRAYSON COUNTY","SUBCHAPTER E. BONDS"],"source_url":"https://statutes.capitol.texas.gov/Docs/SD/htm/SD.8258.htm#8258.201","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:41Z","sha256":"be34d46dbd8f817ab78f9cf9b0b29451a95a79337783ee260a24c3bb54df7ace","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-special-district-local-laws-code-8258.151","next":"us-tx/tex.-special-district-local-laws-code-8259.001"},"notice":"GroundRules: Original legal text. Not legal advice."}