Tex. Spec. Dist. Local Laws Code § 1003.203 · Subchapter E. 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 at an election held for that purpose.
(b) The board may call an election on its own motion and must specify:
(1) the place or places where the election will be held;
(2) the presiding election officers;
(3) the purpose for which the bonds are to be issued;
(4) the amount of the bonds;
(5) the maximum interest rate of the bonds; and
(6) 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 once a week for two consecutive weeks before the date of the election. The first publication must occur not later than the 21st day before the date set for the election.
(d) The district shall pay the costs of the election.
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.1003.htm
- Text hash
- sha256 ef09b086c8e589aeb339949dd87867ff89c96cd559ab023e4b514b9131721c69
- 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
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.