Tex. Local Gov't Code Section 571.007
Prerequisites for Issuing Bonds; Election

(a)

Before the commissioners court or municipal authority may issue bonds under this subchapter:

(1)

the commissioners court or municipal authority shall prescribe the amount of and the rate of interest on bonds to be issued; and

(2)

the tax proposed to pay the interest and sinking fund on the bonds must be approved by a majority of the voters of the county or municipality, as appropriate, voting at an election held on the proposed tax.

(b)

The election shall be held in accordance with Chapter 1251 (Bond Elections), Government Code. In addition to the notice required under Section 1251.003 (Conduct of Election), Government Code, and Chapter 4 (Notice of Election), Election Code, the commissioners court or municipal authority shall mail to each registered voter in the county or municipality a copy of the ballot proposition before the 10th day preceding the date of the election.

(c)

The commissioners court or municipal authority shall issue any bonds under this subchapter in compliance with the applicable provisions of Subtitles A and C, Title 9, Government Code.
Added by Acts 1999, 76th Leg., ch. 227, Sec. 16, eff. Sept. 1, 1999.
Renumbered from Local Government Code, Section 421.007 by Acts 2007, 80th Leg., R.S., Ch. 885 (H.B. 2278), Sec. 3.76(c)(1), eff. April 1, 2009.

Source: Section 571.007 — Prerequisites for Issuing Bonds; Election, https://statutes.­capitol.­texas.­gov/Docs/LG/htm/LG.­571.­htm#571.­007 (accessed May 11, 2024).

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Accessed:
May 11, 2024

§ 571.007’s source at texas​.gov