Sec. 1001.353. GENERAL OBLIGATION BOND ELECTION. (a) The district may issue general obligation bonds only if the bonds are authorized by a majority of the voters voting at an election held according to the law relating to municipal bonds.
(b) The governing body shall call the election at the request of the board and may also call the election on its own motion.
(c) The person charged with conducting and arranging citywide elections is responsible for conducting the bond election.
(d) The district shall pay the cost of a bond election. The district must provide for the payment of election costs before the governing body is required to order an election.
Added by Acts 2005, 79th Leg., Ch. 729 (H.B. 2019), Sec. 1.01, eff. April 1, 2007.
Structure Texas Statutes
Special District Local Laws Code
Subtitle A - Hospital Districts
Chapter 1001 - City of Amarillo Hospital District
Section 1001.351. General Obligation Bonds
Section 1001.352. Tax to Pay General Obligation Bonds
Section 1001.353. General Obligation Bond Election
Section 1001.354. Execution of General Obligation Bonds
Section 1001.355. Investment of General Obligation Bond Proceeds
Section 1001.356. Revenue Bonds
Section 1001.357. Payment of Revenue Bonds; Security
Section 1001.358. Use of Revenue Bond Proceeds
Section 1001.359. Charge for Occupancy or Use of Hospital Facility