Section 1020.253 - General Obligation Bond Election(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 shall provide for clerks as in county elections and must specify: (1) the date of the election;(2) the location of the polling places;(3) the presiding and alternate election judges for each polling place;(4) the amount of the bonds to be authorized;(5) the maximum maturity of the bonds; and(6) the maximum interest rate of the bonds.(c) Notice of a bond election shall be given as provided by Section 1251.003, Government Code.Tex. Spec. Dist. Loc. Laws § 1020.253
Added by Acts 2007, 80th Leg., R.S., Ch. 920, Sec. 1.02, eff. 4/1/2009.