Sec. 8144.151. ELECTIONS REGARDING TAXES OR BONDS. (a) Except as provided by Section 8144.201(c), the district may issue, without an election, bonds and other obligations secured by revenue or contract payments from any lawful source other than ad valorem taxation.
(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 a maintenance tax or issue bonds payable from ad valorem taxes.
Added by Acts 2005, 79th Leg., Ch. 434 (S.B. 1802), Sec. 1, eff. June 17, 2005.
Section: Previous 8144.002 8144.003 8144.004 8144.005 8144.051 8144.052 8144.101 8144.102 8144.103 8144.104 8144.105 8144.106 8144.151 8144.152 8144.201 NextLast modified: September 28, 2016