ELECTION FOR BONDS PAYABLE FROM AD VALOREM TAXES.

(a) District 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.

(b) The board may order an election under this section without a petition. The order must specify:

(1) the time and places at which the election will be held;

(2) the purpose for which the bonds will be issued;

(3) the maximum amount of the bonds;

(4) the maximum interest rate of the bonds;

(5) the maximum maturity of the bonds;

(6) the form of the ballot; and

(7) the presiding judge for each polling place.

(c) Notice of the election must be given by publishing a substantial copy of the election order in a newspaper of general circulation in the district once each week for at least four consecutive weeks. The first publication must be not later than 28 days before the election date.

(d) If an election to issue bonds under this section fails, the board may not order an election under this section for a period of six months.

(e) The district may issue without an election bonds not payable wholly or partly from ad valorem taxes.