{"data":{"id":"us-tx/tex.-special-district-local-laws-code-8309.253","jurisdiction":"us-tx","citation":"Tex. Special District Local Laws Code § 8309.253","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 2011, 82nd Leg., R.S., Ch. 853 (H.B. 3803), Sec. 1, eff. June 17, 2011.","path":["SPECIAL DISTRICT LOCAL LAWS CODE","TITLE 6. WATER AND WASTEWATER","SUBTITLE F. MUNICIPAL UTILITY DISTRICTS","CHAPTER 8309. COTTONWOOD MUNICIPAL UTILITY DISTRICT NO. 2 OF GRAYSON COUNTY","SUBCHAPTER F. BONDS AND OTHER OBLIGATIONS"],"source_url":"https://statutes.capitol.texas.gov/Docs/SD/htm/SD.8309.htm#8309.253","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:41Z","sha256":"5f144513a93855e3bb0be392b63acef58a6f1e6bec188ff5c8b216fa6985839c","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-special-district-local-laws-code-8309.252","next":"us-tx/tex.-special-district-local-laws-code-8310.001"},"notice":"GroundRules: Original legal text. Not legal advice."}