Texas Statutes (Last Updated: January 4, 2014) |
TRANSPORTATION CODE |
Title 6. ROADWAYS |
Subtitle K. MASS TRANSPORTATION |
Chapter 454. MUNICIPAL MASS TRANSPORTATION SYSTEMS |
Subchapter B. REVENUE BONDS AND NOTES |
Sec. 454.024. ELECTION
Latest version.
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(a) If a petition meeting the requirements of Section 454.023 is filed:
(1) the governing body of the municipality shall hold an election on the question as provided by Chapter 1251, Government Code; and
(2) the bonds or notes may not be issued unless a majority of the votes received at the election favor the question.
(b) The governing body of a municipality may call an election for the issuance of bonds or notes under this chapter without a petition under Section 454.023.
Acts 1995, 74th Leg., ch. 165, Sec. 1, eff. Sept. 1, 1995. Amended by Acts 2001, 77th Leg., ch. 1420, Sec. 8.398, eff. Sept. 1, 2001.