Sec. 8471.151. 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 8471.153.
(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.
Added by Acts 2013, 83rd Leg., R.S., Ch. 500 (S.B. 1868), Sec. 1, eff. June 14, 2013.
Section: Previous 8471.003 8471.004 8471.005 8471.006 8471.051 8471.052 8471.101 8471.102 8471.103 8471.104 8471.105 8471.151 8471.152 8471.153 8471.201 NextLast modified: September 28, 2016