Section 1118.203 - Bond Election(a) The board may issue general obligation bonds only if the bonds are authorized by a majority of district voters voting in an election held for that purpose.(b) The board may order a bond election at any time.(c) The order calling an election must include:(1) the time of the election;(2) the location of the polling places;(3) the form of the ballot;(4) the presiding judge for each polling place;(5) the purpose of the bond issuance;(6) the amount of the bonds to be authorized;(7) the maximum interest rate of the bonds; and(8) the maximum maturity of the bonds.(d) A substantial copy of the election order shall be published in a newspaper of general circulation in the district once a week for two consecutive weeks before the date of the election. The first notice must be published at least 14 days before the date of the election.(e) A copy of the election results must be filed with the county clerk and become a public record.Tex. Spec. Dist. Loc. Laws § 1118.203
Redesignated from Special District Local Laws Code, Section 1072.203 by Acts 2011, 82nd Leg., R.S., Ch. 91, Sec. 27.001(53), eff. 9/1/2011.Added by Acts 2009, 81st Leg., R.S., Ch. 1139, Sec. 1.01, eff. 4/1/2011.