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Current as of January 01, 2024 | Updated by Findlaw Staff
(a) Bonds, other than refunding bonds, may not be issued under Section 6610.251 unless first authorized by a majority of the voters voting at an election held to determine whether the bonds should be issued and whether a tax should be imposed to pay the principal of and interest on the bonds.
(b) 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 board may:
(1) issue, sell, and deliver the bonds;
(2) receive and use the proceeds for district purposes; and
(3) impose taxes on all taxable property in the district sufficient to pay the interest on and principal of the bonds.
(c) Notice of the election shall be given in the manner provided by Section 6610.202.
(d) In addition to the requirements of the Election Code, the ballots must have printed on them “For the bonds and levy of taxes in payment thereof” and the contrary of that proposition. (Acts 61st Leg., R.S., Ch. 187, Sec. 11 (part); New.)
Cite this article: FindLaw.com - Texas Special District Local Laws Code - SDLL § 6610.254. Election required - last updated January 01, 2024 | https://codes.findlaw.com/tx/special-district-local-laws-code/sdll-sect-6610-254/
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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