1,327 chapters · 31,721 sections in this title.
Tex. Special District Local Laws Code § 1111.203 General Obligation Bond Election
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Sec. 1111.203. GENERAL OBLIGATION BOND ELECTION. (a) The district may issue general obligation bonds 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 on its own motion. (c) T…
Tex. Special District Local Laws Code § 1111.204 Maturity of General Obligation Bonds
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Sec. 1111.204. MATURITY OF GENERAL OBLIGATION BONDS. District general obligation bonds must mature not later than 40 years after the date of issuance. Added by Acts 2011, 82nd Leg., R.S., Ch. 70 (S.B. 1147), Sec. 1.01, eff. April 1, 2013.
Tex. Special District Local Laws Code § 1111.205 Execution of General Obligation Bonds
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Sec. 1111.205. EXECUTION OF GENERAL OBLIGATION BONDS. (a) The board's presiding officer shall execute the general obligation bonds in the district's name. (b) The board secretary shall countersign the bonds. Added by Acts 2011, 82nd Leg., R.S., Ch. 70 (S.B. 1147), Sec. 1.01, eff.…
Tex. Special District Local Laws Code § 1111.206 Investment of General Obligation Bond Proceeds
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Sec. 1111.206. INVESTMENT OF GENERAL OBLIGATION BOND PROCEEDS. Until general obligation bond proceeds are needed to carry out the bond purpose, the proceeds may be: (1) invested in direct obligations of the United States; or (2) placed on time deposit. Added by Acts 2011, 82nd Le…