- (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 board shall call the election. The election must be held in accordance with Chapter 1251, Government Code.
(c) The bond election order must specify:
- (1) the date of the election;
- (2) the location of the polling places;
- (3) the presiding election officers;
- (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.
Added by Acts 2011, 82nd Leg., R.S., Ch. 70 (S.B. 1147), Sec. 1.01, eff. April 1, 2013.