Sec. 1433.049. RESULTS OF ELECTION. (a) Within 10 days after the election, or as soon after that as possible, the governing body of the issuer shall convene and canvass the returns of the election.
(b) If a majority of the voters voting in a bond election vote in favor of the proposition, the governing body shall find and declare that the results favor the proposition, and subject to Section 1433.041, the governing body may proceed with the authorization of the bonds.
Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.
Structure Texas Statutes
Subtitle H - Specific Authority for More Than One Type of Local Government to Issue Securities
Chapter 1433 - Bonds for Development of Employment, Industrial, and Health Resources
Subchapter C. Procedure for Issuing Bonds
Section 1433.041. Department Approval of Lease; Appeal
Section 1433.042. Regulation of Leases
Section 1433.043. Issuer's Authority
Section 1433.044. Bond Resolution; Calling Election; Publication of Resolution
Section 1433.046. Election Order
Section 1433.047. Notice of Election