Tex. Spec. Dist. Local Laws Code § 8246.254 · Subchapter F. BONDS
ELECTION FOR, ISSUANCE OF, AND SALE OF BONDS.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) Except as provided by this section, the election for, issuance of, and sale of district bonds are governed by the provisions of Chapters 1201, 1207, 1251, and 1431, Government Code, that pertain to the election for, issuance of, and sale of bonds by counties.
(b) As determined by the board, district bonds mature serially not later than 30 years after the date of their issuance.
(c) District bonds may be sold only by sealed competitive bids to the highest bidder.
(d) Notice of a proposed sale must be published in a financial publication of general circulation in this state once a week for two consecutive weeks. The date of the first publication must be at least 15 days before the date of the proposed sale.
(e) District bonds must be signed by the president and attested by the secretary.
Notes and commentary — not statutory text
History
Added by Acts 2009, 81st Leg., R.S., Ch. 1139 (H.B. 2619), Sec. 1.04, eff. April 1, 2011.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/SD/htm/SD.8246.htm
- Text hash
- sha256 aa1c2c95a590d91bc844496e6fc6e71cd36396371ca18a6f12e44ddc8f112955
- 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.