Texas Special District Local Laws Code 1051.203 – General Obligation Bond Election
Current as of: 2024 | Check for updates
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(a) The district may issue general obligation bonds only if the bonds are authorized by a majority of the district voters.
(b) The order calling the election shall provide for clerks as in county elections and must specify:
(1) the date of the election;
(2) the location of the polling places;
(3) the presiding and alternate election judges for each polling place;
(4) the amount of the bonds to be authorized; and
(5) the maximum maturity of the bonds.
Terms Used In Texas Special District Local Laws Code 1051.203
- 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.
(c) Notice of a bond election shall be given as provided by Section 1251.003, Government Code.