Texas Special District Local Laws Code 1111.203 – 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 voting in an election held for that purpose.
(b) The board may order a bond election on its own motion.
Terms Used In Texas Special District Local Laws Code 1111.203
- 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.
- Week: means seven consecutive days. See Texas Government Code 311.005
(c) The order calling the election must specify:
(1) the date of the election;
(2) the location of the polling places;
(3) the presiding election officers;
(4) each proposition to be voted on; and
(5) any other matter considered necessary or desirable by the board.
(d) Notice of a bond election shall be given by publishing a substantial copy of the order calling the election in a newspaper of general circulation in the district once each week for two consecutive weeks. The first publication must occur at least 14 days before the date of the election.