Sec. 8301.151. ELECTIONS REGARDING TAXES OR BONDS. (a) Except as provided by Section 8301.201(b), the district may issue, without an election, bonds and other obligations secured by revenue or contract payments from any 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 an operation and maintenance tax or issue bonds payable from ad valorem taxes.
Added by Acts 2007, 80th Leg., R.S., Ch. 1430 (S.B. 3), Sec. 10.01, eff. June 16, 2007.
Renumbered from Special District Local Laws Code, Section 8269.151 by Acts 2009, 81st Leg., R.S., Ch. 87 (S.B. 1969), Sec. 27.001(84), eff. September 1, 2009.
Amended by:
Acts 2009, 81st Leg., R.S., Ch. 87 (S.B. 1969), Sec. 27.002(27), eff. September 1, 2009.
Section: Previous 8301.021 8301.022 8301.023 8301.024 8301.025 8301.026 8301.051 8301.052 8301.101 8301.102 8301.103 8301.104 8301.151 8301.152 8301.201 NextLast modified: September 28, 2016