(a) Authority bonds, other than refunding bonds, payable wholly or partly from ad valorem taxes may not be issued unless authorized by an election at which a majority of the votes cast favor the bond issuance. The election must be held in accordance with § 8511.0602.
(b) The authority may issue bonds not payable wholly or partly from ad valorem taxes without an election.

Ask a legal question, get an answer ASAP!
Click here to chat with a lawyer about your rights.