Section 9055.254 - Election for Bonds Payable From Ad Valorem Taxes(a) Bonds, other than refunding bonds, payable wholly or partly from ad valorem taxes may not be issued unless authorized by a district election held for that purpose at which a majority of the votes cast favor the bond issuance.(b) The board may order an election under this section without a petition. The order must specify: (1) the time and places at which the election will be held;(2) the purpose for which the bonds will be issued;(3) the maximum amount of the bonds;(4) the maximum maturity of the bonds;(5) the form of the ballot; and(6) the presiding judge for each voting place.(c) Notice of the election must be given by publishing a substantial copy of the order calling the election in a newspaper published in the district for two consecutive weeks. The first publication must be not later than the 21st day before the date of the election.Tex. Spec. Dist. Loc. Laws § 9055.254
Added by Acts 2015, Texas Acts of the 84th Leg. - Regular Session, ch. 855,Sec. 1.06, eff. 4/1/2017.