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Current as of January 01, 2024 | Updated by Findlaw Staff
(a) The commissioners court may not issue district bonds under Section 6604.201 until the issuance of the bonds and the imposition of taxes to pay the principal of and interest on the bonds are authorized by a majority of the voters voting at an election called for that purpose.
(b) The proposition for the issuance of district bonds may be submitted at any time the commissioners court considers proper.
(c) Chapter 1251, Government Code, applies to a district bond election except to the extent of any conflict with this chapter.
(d) If a majority of the voters voting at a district bond election vote in favor of the issuance of bonds and the imposition of taxes, the commissioners court may:
(1) issue, sell, and deliver the bonds;
(2) receive, use, and apply the proceeds for district purposes; and
(3) impose taxes on all property subject to taxation in the district.
Cite this article: FindLaw.com - Texas Special District Local Laws Code - SDLL § 6604.205. Election for Bonds Payable From Taxes - last updated January 01, 2024 | https://codes.findlaw.com/tx/special-district-local-laws-code/sdll-sect-6604-205/
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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