Sec. 1072.203. 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 in an election held for that purpose.
(b) The board may order a bond election. The order calling the election must specify:
(1) the nature and date of the election;
(2) the hours during which the polls will be open;
(3) the location of polling places;
(4) the amounts of the bonds to be authorized; and
(5) the maximum maturity of the bonds.
(c) Notice of a bond election must be given as provided by Chapter 1251, Government Code.
(d) The board shall declare the results of the election.
Added by Acts 2009, 81st Leg., R.S., Ch. 876 (S.B. 2517), Sec. 3.01, eff. June 19, 2009.
Section: Previous 1072.157 1072.158 1072.159 1072.160 1072.161 1072.201 1072.202 1072.203 1072.204 1072.205 1072.206 1072.207 1072.251 1072.252 1072.253 NextLast modified: September 28, 2016