Tex.
Spec. Dist. Local Laws Code Section 1118.203
Bond Election
(a)
The board may issue general obligation bonds only if the bonds are authorized by a majority of district voters voting in an election held for that purpose.(b)
The board may order a bond election at any time.(c)
The order calling an election must include:(1)
the time of the election;(2)
the location of the polling places;(3)
the form of the ballot;(4)
the presiding judge for each polling place;(5)
the purpose of the bond issuance;(6)
the amount of the bonds to be authorized;(7)
the maximum interest rate of the bonds; and(8)
the maximum maturity of the bonds.(d)
A substantial copy of the election order shall be published in a newspaper of general circulation in the district once a week for two consecutive weeks before the date of the election. The first notice must be published at least 14 days before the date of the election.(e)
A copy of the election results must be filed with the county clerk and become a public record.
Source:
Section 1118.203 — Bond Election, https://statutes.capitol.texas.gov/Docs/SD/htm/SD.1118.htm#1118.203 (accessed Jun. 5, 2024).
