Texas Government Code 1505.107 – Election
Current as of: 2024 | Check for updates
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(a) A municipality may not issue an obligation under this subchapter unless the issuance is authorized by a majority vote of the qualified voters voting at an election held for that purpose under Chapter 1251.
(b) On approval by the voters, the municipality shall issue the approved obligations as soon as practicable.
Terms Used In Texas Government Code 1505.107
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.