Sec. 6610.254. ELECTION REQUIRED. (a) Bonds, other than refunding bonds, may not be issued under Section 6610.251 unless first authorized by a majority of the voters voting at an election held to determine whether the bonds should be issued and whether a tax should be imposed to pay the principal of and interest on the bonds.
(b) If a majority of the voters voting at a district bond election vote in favor of the issuance of bonds and the imposition of taxes, the board may:
(1) issue, sell, and deliver the bonds;
(2) receive and use the proceeds for district purposes; and
(3) impose taxes on all taxable property in the district sufficient to pay the interest on and principal of the bonds.
(c) Notice of the election shall be given in the manner provided by Section 6610.202.
(d) In addition to the requirements of the Election Code, the ballots must have printed on them "For the bonds and levy of taxes in payment thereof" and the contrary of that proposition.
Added by Acts 2015, 84th Leg., R.S., Ch. 855 (S.B. 1162), Sec. 1.01, eff. April 1, 2017.
Text of section effective on April 01, 2017
Last modified: September 28, 2016