Texas Special District Local Laws Code 1076.203 – General Obligation Bond Election
Current as of: 2024 | Check for updates
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(a) The district may issue general obligation bonds or other bonds secured wholly or partly by an ad valorem tax, other than refunding bonds, only if the bonds are authorized by a majority of the voters voting at an election held for that purpose.
(b) The order and publication of notice for the bond election must be provided in accordance with Chapter 1251, Government Code.
Terms Used In Texas Special District Local Laws Code 1076.203
- 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.
