Texas § 1002.303 GENERAL OBLIGATION BOND ELECTION.

Texas Statutes

§ 1002.303 — GENERAL OBLIGATION BOND ELECTION.

Texas § 1002.303

Code SDSpecial District Local Laws Code

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Bluebook

Tex. Special District Local Laws Code Code Ann. § 1002.303 (2026).

Text

Sec. 1002.303. GENERAL OBLIGATION BOND ELECTION.

(a)The district may issue general obligation bonds only if the bonds are authorized by a majority of the voters voting in an election held for that purpose.

(b)The board may call the election on its own motion. The order calling the election must specify:

(1)the date of the election;

(2)the place or places where the election will be held;

(3)the names of the presiding election officers;

(4)the purpose for which the bonds are to be issued;

(5)the amount of the bonds;

(6)the maximum interest rate of the bonds; and

(7)the maximum maturity of the bonds, which may not exceed 40 years from the date of issuance.

(c)Notice of a bond election shall be given by publishing a substantial copy of the order calling the election in a newspaper of

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Sec. 1002.303. GENERAL OBLIGATION BOND ELECTION. (a) The district may issue general obligation bonds only if the bonds are authorized by a majority of the voters voting in an election held for that purpose.
(b) The board may call the election on its own motion. The order calling the election must specify:
(1) the date of the election;
(2) the place or places where the election will be held;
(3) the names of the presiding election officers;
(4) the purpose for which the bonds are to be issued;
(5) the amount of the bonds;
(6) the maximum interest rate of the bonds; and
(7) the maximum maturity of the bonds, which may not exceed 40 years from the date of issuance.
(c) Notice of a bond election shall be given by publishing a substantial copy of the order calling the election in a newspaper of general circulation in the district as provided by Section 4.003 (a)(1), Election Code.