Texas Health and Safety Code 286.143 – Bond Election
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(a) The district may issue general obligation bonds only if the bonds are authorized by a majority of the qualified voters of the district voting at an election called and held for that purpose under this section or under Subchapter B.
(b) The board may order a bond election. The order calling the election must state:
(1) the nature and date of the election;
(2) the hours during which the polls will be open;
(3) the location of the polling places;
(4) the amount of bonds to be authorized; and
(5) the maximum maturity of the bonds.
Terms Used In Texas Health and Safety Code 286.143
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
(c) Notice of a bond election shall be given as provided by § 1251.003, Government Code.
(d) The board shall canvass the returns and declare the results of the election.