Tex. Spec. Dist. Local Laws Code Section 3932.201
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 3932.203 (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)

All or any part of any facilities or improvements that may be acquired by a district by the issuance of its bonds may be submitted as a single proposition or as several propositions to be voted on at the election.
Added by Acts 2015, 84th Leg., R.S., Ch. 983 (H.B. 4156), Sec. 1, eff. June 19, 2015.

Source: Section 3932.201 — Elections Regarding Taxes and Bonds, https://statutes.­capitol.­texas.­gov/Docs/SD/htm/SD.­3932.­htm#3932.­201 (accessed Jun. 5, 2024).

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Accessed:
Jun. 5, 2024

§ 3932.201’s source at texas​.gov