Tex. Spec. Dist. Local Laws Code § 7926.151 · Subchapter D. GENERAL FINANCIAL PROVISIONS
ELECTIONS REGARDING TAXES OR BONDS.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) The district may issue, without an election, bonds and other obligations secured by:
(1) revenue other than ad valorem taxes; or
(2) contract payments described by Section 7926.153.
(b) The district must hold an election in the manner provided by Chapters 49 and 54, Water Code, to obtain voter approval before the district may impose an ad valorem tax or issue bonds payable from ad valorem taxes.
(c) The district may not issue bonds payable from ad valorem taxes to finance a road project unless the issuance is approved by a vote of a two-thirds majority of the district voters voting at an election held for that purpose.
Notes and commentary — not statutory text
History
Added by Acts 2015, 84th Leg., R.S., Ch. 386 (H.B. 4127), Sec. 1, eff. September 1, 2015.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/SD/htm/SD.7926.htm
- Text hash
- sha256 8220738b7d1c0619f3d261a1294a4bd0aee08d4fa04113db92ea2b24153ad1c4
- 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
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Special District Local Laws Code
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