(a) A majority vote of the directors serving is required to authorize the imposition of a tax, assessment, or impact fee.(b) The written consent of at least two-thirds of all voting directors is required to authorize the issuance of a bond. Added by Acts 2005, 79th Leg., Ch. 572 (H.B. 1458), Sec. 1, eff. June 17, 2005.
Texas Legal Code