Sec. 8477.151. 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 8477.153.
(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.
(c) The district may not issue bonds payable from ad valorem taxes to finance a road project unless the issuance is approved by a vote of a two-thirds majority of the district voters voting at an election held for that purpose.
Added by Acts 2013, 83rd Leg., R.S., Ch. 1385 (S.B. 1867), Sec. 1, eff. June 14, 2013.
Section: Previous 8477.051 8477.052 8477.101 8477.102 8477.103 8477.104 8477.105 8477.106 8477.151 8477.152 8477.153 8477.201 8477.202 8477.203 8477.301 NextLast modified: September 28, 2016