Texas Statutes (Last Updated: January 4, 2014) |
LOCAL GOVERNMENT CODE |
Title 12. PLANNING AND DEVELOPMENT |
Subtitle A. MUNICIPAL PLANNING AND DEVELOPMENT |
Chapter 375. MUNICIPAL MANAGEMENT DISTRICTS IN GENERAL |
Subchapter L. ELECTIONS |
Sec. 375.244. ELECTION TO APPROVE ISSUANCE OF BONDS
Latest version.
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(a) Bonds payable in whole or in part from taxes may not be issued unless approved by a majority or any larger percentage if required by the constitution of the qualified voters in the district voting at an election held for that purpose.
(b) Bonds payable from sources other than taxes may be issued by the board, and assessments may be levied without approval at an election.
Added by Acts 1991, 72nd Leg., ch. 16, Sec. 13.05(a), eff. Aug. 26, 1991.