Texas Education Code - Section 53.36. Bond Resolution; Notice; Election
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§ 53.36. BOND RESOLUTION; NOTICE; ELECTION. (a) Before
authorizing the issuance of bonds, other than refunding bonds, the
board shall cause a notice to be issued stating that it intends to
adopt a resolution authorizing the issuance of the bonds, the
maximum amount thereof, and the maximum maturity thereof. The
notice shall be published once each week for two consecutive weeks
in a newspaper or newspapers having general circulation in the
authority. The first publication shall be at least 14 days prior to
the day set for adopting the bond resolution.
(b) If, prior to the day set for the adoption of the bond
resolution, there is presented to the secretary or president of the
board a petition signed by not less than 10 percent of the qualified
voters residing in the city or cities comprising the authority, who
own taxable property in the authority and who have duly rendered it
for taxation to the city in which such property is located or
situated, requesting an election on the proposition for the
issuance of the bonds, the bonds shall not be issued unless an
election is held and a majority vote is in favor of the bonds. The
election shall be called and held in accordance with the procedure
prescribed in Chapter 1251, Government Code, with the board and the
president and secretary performing the functions there assigned to
the governing body of the city, the mayor and city secretary,
respectively. If no such petition is filed, the bonds may be issued
without an election. However, the board may call an election on its
own motion without the filing of the petition.
Acts 1971, 62nd Leg., p. 3072, ch. 1024, art. 1, § 1, eff. Sept.
1, 1971. Amended by Acts 2001, 77th Leg., ch. 1420, § 8.217,
eff. Sept. 1, 2001; Acts 2005, 79th Leg., ch. 641, § 1, eff.
Sept. 1, 2005.
Section: 53.31 53.32 53.33 53.331 53.34 53.35 53.351 53.36 53.37 53.38 53.39 53.40 53.41 53.42 53.43
Last modified: August 10, 2007
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