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Current as of January 01, 2024 | Updated by Findlaw Staff
(a) Unless authorized by a majority vote of the qualified voters of the municipality, a municipality may not:
(1) encumber a building or structure described by Section 1504.102 for more than $5,000, except for purchase money or to refund existing debt that was authorized by law; or
(2) sell a building or structure described by Section 1504.102.
(b) The governing body shall hold an election under this section in the manner provided for other bond elections in the municipality.
Cite this article: FindLaw.com - Texas Government Code - GOV'T § 1504.106. Election - last updated January 01, 2024 | https://codes.findlaw.com/tx/government-code/gov-t-sect-1504-106/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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