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Texas Government Code - GOV'T § 1231.025. Local Bond Election Information

Current as of January 01, 2024 | Updated by Findlaw Staff

(a) Not later than the 20th day before election day for an election to authorize a local government to issue bonds, the local government shall submit a report to the board that includes:

(1) the date of the election;

(2) the proposition number for each bond proposition;

(3) the total estimated cost of the issuance of each proposed bond;

(4) the estimated minimum dollar amount required to be annually expended for debt service;

(5) a description of the purpose of each bond proposition;  and

(6) any other information the board determines necessary.

(b) Not later than the 20th day after election day for an election to authorize a local government to issue bonds, the local government shall submit a report to the board that includes:

(1) the total number of votes cast for each bond proposition;

(2) the total number of votes in support of the bond proposition;

(3) the total number of votes against the bond proposition;

(4) any updated information different from the information provided to the board under Subsection (a), if applicable;  and

(5) any other information the board determines necessary.

(c) The board shall publish a report on the results of an election to authorize a local government to issue bonds on the board's Internet website.

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Cite this article: FindLaw.com - Texas Government Code - GOV'T § 1231.025. Local Bond Election Information - last updated January 01, 2024 | https://codes.findlaw.com/tx/government-code/gov-t-sect-1231-025/

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