Sec. 9040.151. 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 9040.153.
(b) The district must hold an election in the manner provided by Chapters 49 and 51, 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 2009, 81st Leg., R.S., Ch. 863 (S.B. 2486), Sec. 1, eff. June 19, 2009.
Section: Previous 9040.004 9040.005 9040.006 9040.051 9040.052 9040.101 9040.102 9040.103 9040.104 9040.105 9040.151 9040.152 9040.153 9040.201 9040.202 NextLast modified: September 28, 2016