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Current as of January 01, 2024 | Updated by FindLaw Staff
(a) No bonds shall be issued or tax levied until the question of purchase of the facilities is submitted to a vote of the people in the district.
(b) In addition to the requirement for submitting bonds to a vote, the notice of election shall include:
(1) a copy of the agreement;
(2) the amount of outstanding bonds;
(3) the amount of bonds sought to be issued by the district; and
(4) the amount of taxes required to be levied.
(c) The election shall be called and held in the same manner as other elections for bonds, and the ballots shall provide for voting for or against the proposition: “The purchase of municipal facilities and the issuance of bonds and levy of a tax to pay for the bonds.”
(d) If the election should carry by a two-thirds vote of the electors voting at the election, then the proposition shall be declared carried and the bonds shall be issued and sold, and the necessary taxes levied in accordance with the provisions of this subchapter.
Cite this article: FindLaw.com - Texas Water Code - WATER § 61.173. Election on the Purchase of Facilities - last updated January 01, 2024 | https://codes.findlaw.com/tx/water-code/water-sect-61-173/
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 or via Westlaw before relying on it for your legal needs.
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