Election For Bonds Payable From Ad Valorem Taxes

Sec. 9011.254. ELECTION FOR BONDS PAYABLE FROM AD VALOREM TAXES. (a) Bonds, other than refunding bonds, payable wholly or partly from ad valorem taxes may not be issued unless authorized by a majority of the district voters voting at an election. (b) The board may order an election under this section without a petition. The order must specify: (1) the time and place at which the election will be held; (2) the purpose for which the bonds will be issued; (3) the maximum amount of the bonds; (4) the maximum maturity of the bonds; (5) the form of the ballot; and (6) the presiding judge for each voting place. (c) Notice of the election must be published: (1) at least once in a newspaper published or having general circulation in the district; and (2) at least 14 days before the date of the election. Added by Acts 2007, 80th Leg., R.S., Ch. 920 (H.B. 3166), Sec. 1.12, eff. April 1, 2009.