(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. Added by Acts 2013, 83rd Leg., R.S., Ch. 112 (S.B. 1026), Sec. 1.01, eff. April 1, 2015.
Texas Legal Code