Sec. 1474.056. ELECTION FOR ISSUING NOTES: ORDER AND NOTICE. (a) Before notes are issued under Section 1474.003, the commissioners court shall order and give notice of an election in the manner required for an election on a bond issue.
(b) In addition to the requirements provided by Chapters 3 and 4, Election Code, the order and notice shall state:
(1) the purpose for which the notes are to be issued;
(2) the duration of the notes;
(3) the rate of interest; and
(4) the polling places for the election.
(c) The order and notice may state the manner in which the notes mature.
Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.
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