Sec. 375.243. PETITION REQUIRED FOR BOND ELECTION

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The board may not call a bond election unless a written petition has been filed with the board requesting an election signed by the owners of:
(1) 50 percent or more of the assessed value of the property in the district as determined from the most recent certified county property tax rolls; or
(2) 50 percent or more of the surface area of the district, excluding roads, streets, highways, utility rights-of-way, other public areas, and other property exempt from assessment under Sections 375.161, 375.163, and 375.164 as determined from the most recent certified county property tax rolls.

Added by Acts 1991, 72nd Leg., ch. 16, Sec. 13.05(a), eff. Aug. 26, 1991.

                    
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