Bond Election

Sec. 1116.203. BOND ELECTION. (a) The board may issue bonds under Section 1116.201 only if the bonds are authorized by a majority of the district voters voting in an election held for that purpose. (b) The board may order a bond election at any time. (c) The order calling an election must include: (1) the time of the election; (2) the location of the polling places; (3) the form of the ballots; (4) the presiding judge for each polling place; (5) the purpose of the bond issuance; (6) the amount of the bonds to be issued; (7) the maximum interest rate of the bonds; and (8) the maximum maturity date of the bonds. (d) A substantial copy of the election order shall be published in a newspaper of general circulation in the district once a week for two consecutive weeks before the date of the election. The first notice must be published at least 14 days before the date of the election. (e) A copy of the election results must be filed with the county clerk and become a public record. Added by Acts 2013, 83rd Leg., R.S., Ch. 112 (S.B. 1026), Sec. 1.01, eff. April 1, 2015.