Tex. Special District Local Laws Code § 1103.203
GENERAL OBLIGATION BOND ELECTION
Texas · Texas Special District Local Laws Code · Status: effective
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- Citation
- Tex. Special District Local Laws Code § 1103.203, GENERAL OBLIGATION BOND ELECTION, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/591122
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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 held for that purpose.
(b) The board shall call the election. The election must be held in accordance with Chapter 1251, Government Code.
(c) The bond election order must specify:
(1) the date of the election;
(2) the location of the polling places;
(3) the presiding election officers;
(4) the amount of the bonds to be authorized;
(5) the maximum maturity of the bonds; and
(6) the maximum interest rate of the bonds.