Sec. 1114.203. 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 order calling the election must specify:
(1) the date of the election;
(2) the location of the polling places;
(3) the amount of the bonds to be authorized;
(4) the maximum interest rate of the bonds; and
(5) the maximum maturity of the bonds.
(c) Notice of a bond election shall be given as provided by Section 1251.003, Government Code.
Added by Acts 2013, 83rd Leg., R.S., Ch. 112 (S.B. 1026), Sec. 1.01, eff. April 1, 2015.
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