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(a) The district may issue general obligation bonds only if the bonds are authorized by a majority of voters voting at an election held for that purpose.
(b) The board may order a general obligation bond election. The order calling the election must specify:
(1) the nature and date of the election;
(2) the hours during which the polls must be open;
(3) the location of the polling places;
(4) the amount of the bonds to be authorized; and
(5) the maximum maturity of the bonds.
(c) Notice of a bond election shall be given as provided by Section 1251.003, Government Code.
(d) The board shall declare the results of the election.
Cite this article: FindLaw.com - Texas Special District Local Laws Code - SDLL § 1005.203. General Obligation Bond Election - last updated April 14, 2021 | https://codes.findlaw.com/tx/special-district-local-laws-code/sdll-sect-1005-203.html
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