Tex. Local Government Code § 571.007
PREREQUISITES FOR ISSUING BONDS; ELECTION
Texas · Texas Local Government Code · Status: effective
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- Citation
- Tex. Local Government Code § 571.007, PREREQUISITES FOR ISSUING BONDS; ELECTION, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/694435
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Full text
(a) Before the commissioners court or municipal authority may issue bonds under this subchapter:
(1) the commissioners court or municipal authority shall prescribe the amount of and the rate of interest on bonds to be issued; and
(2) the tax proposed to pay the interest and sinking fund on the bonds must be approved by a majority of the voters of the county or municipality, as appropriate, voting at an election held on the proposed tax.
(b) The election shall be held in accordance with Chapter 1251, Government Code. In addition to the notice required under Section 1251.003, Government Code, and Chapter 4, Election Code, the commissioners court or municipal authority shall mail to each registered voter in the county or municipality a copy of the ballot proposition before the 10th day preceding the date of the election.
(c) The commissioners court or municipal authority shall issue any bonds under this subchapter in compliance with the applicable provisions of Subtitles A and C, Title 9, Government Code.