Tex. Spec. Dist. Local Laws Code Section 3927.201
Elections Regarding Taxes and Bonds

(a)

The district may issue, without an election, bonds, notes, and other obligations secured by:

(1)

revenue other than ad valorem taxes; or

(2)

contract payments described by Section 3927.203 (Contract Taxes).

(b)

The district must hold an election in the manner provided by Subchapter L (Time of Election), Chapter 375 (Municipal Management Districts in General), Local Government Code, to obtain voter approval before the district may impose an ad valorem tax or issue bonds payable from ad valorem taxes.

(c)

Section 375.243 (Petition Required for Bond Election), Local Government Code, does not apply to the district.

(d)

The district may not issue bonds payable from ad valorem taxes to finance a road project unless the issuance is approved by a vote of a two-thirds majority of the district voters voting at an election held for that purpose.
Added by Acts 2013, 83rd Leg., R.S., Ch. 1374 (S.B. 1906), Sec. 1, eff. June 14, 2013.

Source: Section 3927.201 — Elections Regarding Taxes and Bonds, https://statutes.­capitol.­texas.­gov/Docs/SD/htm/SD.­3927.­htm#3927.­201 (accessed Jun. 5, 2024).

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Accessed:
Jun. 5, 2024

§ 3927.201’s source at texas​.gov