Learn About The Law
Get help with your legal needs
FindLaw’s Learn About the Law features thousands of informational articles to help you understand your options. And if you’re ready to hire an attorney, find one in your area who can help.
Current as of January 01, 2024 | Updated by Findlaw Staff
(a) Bonds, other than refunding bonds, payable wholly or partly from ad valorem taxes may not be issued unless authorized by an election called by the board at which a majority of the votes cast favor the bond issuance.
(b) Notice of the election must be given by publishing a substantial copy of the order calling the election in a newspaper of general circulation in the district on the same day in each of two successive weeks. The first publication must be not later than the 14th day before the date of the election. No other notice of the election is necessary.
(c) If the bonds are to be payable solely from taxes, the ballot must have printed on it “For the bonds and the levy of taxes in payment thereof” and the contrary of that proposition.
(d) If the bonds are to be payable both from net revenue and taxes, the ballot must have printed on it “For the bonds, the pledge of net revenues, and the levy of taxes adequate to provide for the payment thereof” and the contrary of that proposition. (Acts 53rd Leg., R.S., Ch. 370, Secs. 14(b) (part), (e) (part).)
Cite this article: FindLaw.com - Texas Special District Local Laws Code - SDLL § 5018.0203. Election for Bonds Payable from Ad Valorem Taxes - last updated January 01, 2024 | https://codes.findlaw.com/tx/special-district-local-laws-code/sdll-sect-5018-0203/
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.
A free source of state and federal court opinions, state laws, and the United States Code. For more information about the legal concepts addressed by these cases and statutes, visit FindLaw’s Learn About the Law.
Get help with your legal needs
FindLaw’s Learn About the Law features thousands of informational articles to help you understand your options. And if you’re ready to hire an attorney, find one in your area who can help.
Search our directory by legal issue
Enter information in one or both fields (Required)