Section 1114.203 - 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 order calling the election must specify:(1) the date of the election;(2) the location of the polling places;(3) the amount of the bonds to be authorized;(4) the maximum interest rate of the bonds; and(5) the maximum maturity of the bonds.(c) Notice of a bond election shall be given as provided by Section 1251.003, Government Code.Tex. Spec. Dist. Loc. Laws § 1114.203
Added by Acts 2013, 83rd Leg. - Regular Session, ch. 112,Sec. 1.01, eff. 4/1/2015.