Section 1071.203 - General Obligation Bond Election(a) The district may issue general obligation bonds only if the bonds are authorized by a majority of the district voters voting at an election held for that purpose.(b) The board may order the election on its own motion.(c) The order calling the election must specify: (1) the location of the polling places;(2) the presiding election officers;(3) the purpose of the bond issuance;(4) the amount of the bonds to be authorized;(5) the maximum interest rate of the bonds; and(6) the maximum maturity of the bonds.(d) Notice of a bond election shall be given by publishing a substantial copy of the order calling the election in a newspaper of general circulation in Ochiltree County once a week for two consecutive weeks before the date of the election. The first publication must occur at least 14 days before the date of the election.Tex. Spec. Dist. Loc. Laws § 1071.203
Added by Acts 2007, 80th Leg., R.S., Ch. 920, Sec. 1.02, eff. 4/1/2009.