Texas § 1103.203 GENERAL OBLIGATION BOND ELECTION.

Texas Statutes

§ 1103.203 — GENERAL OBLIGATION BOND ELECTION.

Texas § 1103.203

Code SDSpecial District Local Laws Code

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Bluebook

Tex. Special District Local Laws Code Code Ann. § 1103.203 (2026).

Text

Sec. 1103.203. 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 at an election held for that purpose.

(b)The board shall call the election. The election must be held in accordance with Chapter 1251 , Government Code.

(c)The bond election order must specify:

(1)the date of the election;

(2)the location of the polling places;

(3)the presiding election officers;

(4)the amount of the bonds to be authorized;

(5)the maximum maturity of the bonds; and

(6)the maximum interest rate of the bonds.

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Sec. 1103.203. 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 at an election held for that purpose.
(b) The board shall call the election. The election must be held in accordance with Chapter 1251 , Government Code.
(c) The bond election order must specify:
(1) the date of the election;
(2) the location of the polling places;
(3) the presiding election officers;
(4) the amount of the bonds to be authorized;
(5) the maximum maturity of the bonds; and
(6) the maximum interest rate of the bonds.