Tex. Spec. Dist. Local Laws Code Section 5018.0203
Election for Bonds Payable from Ad Valorem Taxes

(a)

Bonds, other than refunding bonds, payable wholly or partly from ad valorem taxes may not be issued unless authorized by an election called by the board at which a majority of the votes cast favor the bond issuance.

(b)

Notice of the election must be given by publishing a substantial copy of the order calling the election in a newspaper of general circulation in the district on the same day in each of two successive weeks. The first publication must be not later than the 14th day before the date of the election. No other notice of the election is necessary.

(c)

If the bonds are to be payable solely from taxes, the ballot must have printed on it “For the bonds and the levy of taxes in payment thereof” and the contrary of that proposition.

(d)

If the bonds are to be payable both from net revenue and taxes, the ballot must have printed on it “For the bonds, the pledge of net revenues, and the levy of taxes adequate to provide for the payment thereof” and the contrary of that proposition.
Added by Acts 2019, 86th Leg., R.S., Ch. 468 (H.B. 4172), Sec. 1.01, eff. April 1, 2021.

Source: Section 5018.0203 — Election for Bonds Payable from Ad Valorem Taxes, https://statutes.­capitol.­texas.­gov/Docs/SD/htm/SD.­5018.­htm#5018.­0203 (accessed Jun. 5, 2024).

5018.0001
Definitions 5018.0002
Findings of Benefit and Purpose 5018.0003
District Territory 5018.0004
Liberal Construction of Chapter 5018.0051
Board of Commissioners 5018.0052
Composition of Board 5018.0053
Polling Places 5018.0054
Commissioner’s Oath and Bond 5018.0055
Compensation of Commissioners 5018.0056
Vacancies 5018.0057
Officers and Employees 5018.0058
Officer’s or Employee’s Surety Bond 5018.0059
District Office 5018.0060
Conflict of Interest 5018.0101
General and Navigation District Powers 5018.0102
Powers Regarding Wharves, Docks, and Other Facilities 5018.0103
Limitation on Certain Powers 5018.0104
Bylaws and Rules 5018.0105
Acquisition of Property 5018.0106
Acquisition of Property from City of Orange 5018.0107
General Authority to Make Contracts and Execute Instruments 5018.0108
Authority to Sue and Be Sued 5018.0109
Seal 5018.0110
Powers and Limitations Regarding Levingston Island in Louisiana 5018.0151
Depository 5018.0152
Accounts, Contracts, and Other Records 5018.0153
Authority to Borrow Money, Accept Grants, and Issue Associated Bonds 5018.0154
Authority to Borrow Money for Current Expenses 5018.0155
Ad Valorem Tax for Maintenance and Operations 5018.0156
Imposition of Taxes 5018.0201
Definition 5018.0202
Authority to Issue Bonds 5018.0203
Election for Bonds Payable from Ad Valorem Taxes 5018.0204
Provisions of Certain Bond Resolutions or Orders 5018.0205
Form of Bonds 5018.0206
Maturity 5018.0207
Use of Bond Proceeds 5018.0208
Refunding Bonds 5018.0301
Definition 5018.0302
Reporting of Cargo and Vessel Movements
Green check means up to date. Up to date

Accessed:
Jun. 5, 2024

§ 5018.0203’s source at texas​.gov