Tex. Spec. Dist. Local Laws Code Section 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 (Method of Giving Notice)(a)(1), Election Code.
Acts 2003, 78th Leg., ch. 1277, Sec. 1, eff. April 1, 2005.

Source: Section 1002.303 — General Obligation Bond Election, https://statutes.­capitol.­texas.­gov/Docs/SD/htm/SD.­1002.­htm#1002.­303 (accessed Jun. 5, 2024).

1002.001
Definitions 1002.002
Authority for Creation 1002.003
Political Subdivision 1002.004
District Territory 1002.005
Correction of Invalid Procedures 1002.006
District Support and Maintenance Not State Obligation 1002.051
Board of Directors 1002.052
Bond 1002.053
Board Vacancy 1002.054
Officers 1002.055
Compensation 1002.056
Voting Requirement 1002.057
Recruitment of Staff and Employees 1002.058
Office Facilities 1002.059
Health Education Programs for Staff and Employees 1002.060
Retirement of Benefits 1002.061
Employment of Physicians 1002.101
District Responsibility 1002.102
Limitation on Certain Political Subdivisions 1002.103
Powers of Board 1002.104
Hospital System 1002.105
Operating, Management, or Consulting Contracts 1002.106
Provision of Services Outside District 1002.107
Eminent Domain 1002.108
Gifts and Endowments 1002.109
Authority to Sue and Be Sued 1002.110
Public Works Contracts 1002.151
Petition to Expand District Territory 1002.152
Notice of Hearing 1002.153
Order of Annexation 1002.154
Ratification Election 1002.155
Assumption of Debts and Taxes 1002.201
Dissolution 1002.202
Notice of Election 1002.203
Ballot 1002.204
Election Results 1002.205
Transfer or Administration of Assets 1002.206
Sale or Transfer of Assets and Liabilities 1002.207
Imposition of Tax and Return of Surplus Taxes 1002.208
Report 1002.251
Depository 1002.252
Authority to Borrow Money 1002.301
General Obligation Bonds 1002.302
Taxes to Pay General Obligation Bonds 1002.303
General Obligation Bond Election 1002.304
Execution of General Obligation Bonds 1002.305
Investment of General Obligation Bond Proceeds 1002.306
Revenue Bonds 1002.351
Imposition of Taxes 1002.352
Tax Assessor-collector
Green check means up to date. Up to date

Accessed:
Jun. 5, 2024

§ 1002.303’s source at texas​.gov