Texas Special District Local Laws Code § 1001.353 General Obligation Bond Election

Sec. 1001.353. GENERAL OBLIGATION BOND ELECTION. (a) The district may issue general obligation bonds only if the bonds are authorized by a majority of the voters voting at an election held according to the law relating to municipal bonds.

(b) The governing body shall call the election at the request of the board and may also call the election on its own motion.

(c) The person charged with conducting and arranging citywide elections is responsible for conducting the bond election.

(d) The district shall pay the cost of a bond election. The district must provide for the payment of election costs before the governing body is required to order an election.

Added by Acts 2005, 79th Leg., Ch. 729 (H.B. 2019), Sec. 1.01, eff. April 1, 2007.

Section: Previous  1001.253  1001.254  1001.301  1001.302  1001.303  1001.351  1001.352  1001.353  1001.354  1001.355  1001.356  1001.357  1001.358  1001.359  1001.360  Next

Last modified: September 28, 2016