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Current as of January 01, 2024 | Updated by Findlaw Staff
(a) Tax bonds, other than refunding bonds, may be issued only if authorized by a majority of the qualified voters voting at an election held under Chapter 1251, Government Code.
(b) The governing body of a municipality may:
(1) submit a proposition for the issuance of revenue bonds at an election held in the manner provided by Subsection (a) for tax bonds; or
(2) issue revenue bonds without an election.
Cite this article: FindLaw.com - Texas Transportation Code - TRANSP § 317.103. Election - last updated January 01, 2024 | https://codes.findlaw.com/tx/transportation-code/transp-sect-317-103/
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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