Texas Special District Local Laws Code § 7907.151 Elections Regarding Taxes Or Bonds

Sec. 7907.151. ELECTIONS REGARDING TAXES OR BONDS. (a) The district may issue, without an election, bonds and other obligations secured by:

(1) revenue other than ad valorem taxes; or

(2) contract payments described by Section 7907.153.

(b) The district must hold an election in the manner provided by Chapters 49 and 54, Water Code, to obtain voter approval before the district may impose an ad valorem tax or issue bonds payable from ad valorem taxes.

(c) The district may not issue bonds payable from ad valorem taxes to finance a road project unless the issuance is approved by a vote of a two-thirds majority of the district voters voting at an election held for that purpose.

Added by Acts 2015, 84th Leg., R.S., Ch. 907 (S.B. 2025), Sec. 1, eff. September 1, 2015.

Section: Previous  7907.004  7907.005  7907.006  7907.051  7907.052  7907.101  7907.102  7907.103  7907.104  7907.105  7907.151  7907.152  7907.153  7907.201  7907.202  Next

Last modified: September 28, 2016