{"data":{"id":"us-tx/tex.-special-district-local-laws-code-8448.203","jurisdiction":"us-tx","citation":"Tex. Special District Local Laws Code § 8448.203","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 2013, 83rd Leg., R.S., Ch. 437 (S.B. 607), Sec. 1, eff. June 14, 2013.","path":["SPECIAL DISTRICT LOCAL LAWS CODE","TITLE 6. WATER AND WASTEWATER","SUBTITLE F. MUNICIPAL UTILITY DISTRICTS","CHAPTER 8448. WALLER COUNTY MUNICIPAL UTILITY DISTRICT NO. 18","SUBCHAPTER E. BONDS AND OTHER OBLIGATIONS"],"source_url":"https://statutes.capitol.texas.gov/Docs/SD/htm/SD.8448.htm#8448.203","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:41Z","sha256":"6229a71897919a4c7755ecd493c5cec04ac85e1bb3f0090e611edec6d11fdbfd","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-special-district-local-laws-code-8448.202","next":"us-tx/tex.-special-district-local-laws-code-8449.001"},"notice":"GroundRules: Original legal text. Not legal advice."}