Section 1504.106 - Election(a) Unless authorized by a majority vote of the qualified voters of the municipality, a municipality may not:(1) encumber a building or structure described by Section 1504.102 for more than $5,000, except for purchase money or to refund existing debt that was authorized by law; or(2) sell a building or structure described by Section 1504.102.(b) The governing body shall hold an election under this section in the manner provided for other bond elections in the municipality.Tex. Gov't. Code § 1504.106
Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. 9/1/1999.