Section 8246.254 - Election For, Issuance Of, and Sale of Bonds(a) Except as provided by this section, the election for, issuance of, and sale of district bonds are governed by the provisions of Chapters 1201, 1207, 1251, and 1431, Government Code, that pertain to the election for, issuance of, and sale of bonds by counties.(b) As determined by the board, district bonds mature serially not later than 30 years after the date of their issuance.(c) District bonds may be sold only by sealed competitive bids to the highest bidder.(d) Notice of a proposed sale must be published in a financial publication of general circulation in this state once a week for two consecutive weeks. The date of the first publication must be at least 15 days before the date of the proposed sale.(e) District bonds must be signed by the president and attested by the secretary.Tex. Spec. Dist. Loc. Laws § 8246.254
Added by Acts 2009, 81st Leg., R.S., Ch. 1139, Sec. 1.04, eff. 4/1/2011.