Tex. Spec. Dist. Local Laws Code Section 3935.201
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 3935.203 (Contract Taxes).

(b)

The district must hold an election in the manner provided by Chapters 49 (Provisions Applicable to All Districts) and 54 (Municipal Utility Districts), Water Code, to obtain voter approval before the district may impose an ad valorem tax or issue bonds payable from ad valorem taxes.

(c)

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. 885 (H.B. 4180), Sec. 2, eff. June 18, 2015.

Source: Section 3935.201 — Elections Regarding Taxes and Bonds, https://statutes.­capitol.­texas.­gov/Docs/SD/htm/SD.­3935.­htm#3935.­201 (accessed May 4, 2024).

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Accessed:
May 4, 2024

§ 3935.201’s source at texas​.gov