Tex. Special District Local Laws Code § 1065.203
GENERAL OBLIGATION BOND ELECTION
Texas · Texas Special District Local Laws Code · Status: effective
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- Citation
- Tex. Special District Local Laws Code § 1065.203, GENERAL OBLIGATION BOND ELECTION, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/588661
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Full text
(a) The district may issue general obligation bonds only if the bonds are authorized by a majority of the district voters voting at an election.
(b) The board may call the election on its own motion.
(c) The order calling the election must specify:
(1) the date of the election;
(2) the location of the polling places;
(3) the presiding election officers;
(4) the purpose of the bond issuance;
(5) the amount of the bonds to be authorized;
(6) the maximum interest rate of the bonds; and
(7) the maximum maturity of the bonds.
(d) Notice of a bond election shall be given by publishing a substantial copy of the order calling the election in a newspaper of general circulation in Motley County once each week for two consecutive weeks before the date of the election. The first publication must occur at least 14 days before the date of the election.