Tex. Spec. Dist. Local Laws Code § 1002.303 · Subchapter G. BONDS
GENERAL OBLIGATION BOND ELECTION.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) The district may issue general obligation bonds only if the bonds are authorized by a majority of the voters voting in an election held for that purpose.
(b) The board may call the election on its own motion. The order calling the election must specify:
(1) the date of the election;
(2) the place or places where the election will be held;
(3) the names of the presiding election officers;
(4) the purpose for which the bonds are to be issued;
(5) the amount of the bonds;
(6) the maximum interest rate of the bonds; and
(7) the maximum maturity of the bonds, which may not exceed 40 years from the date of issuance.
(c) 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 as provided by Section 4.003(a)(1), Election Code.
Notes and commentary — not statutory text
History
Acts 2003, 78th Leg., ch. 1277, Sec. 1, eff. April 1, 2005.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/SD/htm/SD.1002.htm
- Text hash
- sha256 c642fd619d308fddaf203eea0aa046463cea0824927544c4cfe1c1888992d06a
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
This section cites
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Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.