Section 1072.203 - General Obligation Bond Election(a) The district may issue general obligation bonds only if the bonds are authorized by a majority of the voters voting in an election held for that purpose.(b) The board may order a bond election. The order calling the election must specify:(1) the nature and date of the election;(2) the hours during which the polls will be open;(3) the location of polling places;(4) the amounts of the bonds to be authorized; and(5) the maximum maturity of the bonds.(c) Notice of a bond election must be given as provided by Chapter 1251, Government Code.(d) The board shall declare the results of the election.Tex. Spec. Dist. Loc. Laws § 1072.203
Added by Acts 2009, 81st Leg., R.S., Ch. 876, Sec. 3.01, eff. 6/19/2009.