Tex. Spec. Dists. Code § 8511.0706

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.

Section 8511.0706 - Election for Bonds Payable From Ad Valorem Taxes

(a) Authority bonds, other than refunding bonds, payable wholly or partly from ad valorem taxes may not be issued unless authorized by an election at which a majority of the votes cast favor the bond issuance. The election must be held in accordance with Section 8511.0602.

(b) The authority may issue bonds not payable wholly or partly from ad valorem taxes without an election.

Tex. Spec. Dist. Loc. Laws § 8511.0706

Added by Acts 2021, Texas Acts of the 87th Leg. - Regular Session, ch. 914,Sec. 1.03, eff. 4/1/2023.