Section 7979.101 - Elections Regarding Taxes or Bonds(a) The district may issue, without an election, bonds and other obligations secured by: (1) revenue other than ad valorem taxes; or(2) contract payments described by Section 7979.103.(b) The district must hold an election in the manner provided by Chapters 49 and 54, Water Code, to obtain voter approval before the district may impose an ad valorem tax or issue bonds payable from ad valorem taxes.(c) The district may not issue bonds payable from ad valorem taxes to finance a road project unless the issuance is approved by a vote of a two-thirds majority of the district voters voting at an election held for that purpose.(d) Section 49.303(d), Water Code, does not apply to the district. The district may rely on a previously held election for the approval to issue bonds payable in whole or in part from taxes after the exclusion of territory described by the Act enacting this section.Tex. Spec. Dist. Loc. Laws § 7979.101
Amended by Acts 2021, Texas Acts of the 87th Leg. - Regular Session, ch. 476,Sec. 2, eff. 6/14/2021.Added by Acts 2017, Texas Acts of the 85th Leg. - Regular Session, ch. 619,Sec. 1, eff. 6/12/2017.