Texas § SD.9078.0154 - BOND ELECTION REQUIRED

§ SD.9078.0154. BOND ELECTION REQUIRED

BOND ELECTION REQUIRED. (a) Bonds, other than refunding bonds, may not be issued unless approved by the voters of the district as provided by general law. (b) If a proposition submitted at an election is defeated, another election may be held in the district to vote on the same or a similar proposition at a time determined by the board. (c) The board may call an election under this section without a petition. The resolution calling the election 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 maturity date and maximum interest rate of the bonds; (4) the form of the ballot; and (5) the presiding judge for each voting place. (d) Notice of the election must be given by publishing a substantial copy of the resolution calling the election in a newspaper of general circulation in the district. The notice must be published once each week for two consecutive weeks. The first publication must be not later than the 14th day before the date of the election. Added by Acts 2019, 86th Leg., R.S., Ch. 468 (H.B. 4172 ), Sec. 1.05, eff. April 1, 2021.