Sec. 1433.044. BOND RESOLUTION; CALLING ELECTION; PUBLICATION OF RESOLUTION. (a) Before issuing bonds under this chapter, a governing body shall adopt a resolution declaring its intention to issue the bonds.
(b) The resolution must specify:
(1) the amount of bonds proposed to be issued;
(2) the purpose for which the bonds are to be issued; and
(3) the date on which the governing body proposes to authorize the issuance of the bonds.
(c) The governing body may call an election on the issuance of the bonds.
(d) If an election is not called under Subsection (c), the governing body shall publish the resolution once a week for at least two consecutive weeks in at least one newspaper of general circulation in the territorial limits of the issuer. The first publication must be not less than 14 days before the date specified in the resolution for the authorization of the bonds.
Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.
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