Sec. 1474.052. PETITION FOR BOND ELECTION. If at least 50 voters who reside in and own taxable property in a county petition the commissioners court for an election on the question of issuing bonds under Section 1474.001 and either Section 52, Article III, or Section 59, Article XVI, Texas Constitution, the commissioners court shall, at a regular or special session of the court, order an election to determine whether the county shall:
(1) issue bonds for the purposes stated in Section 1474.001; and
(2) impose a tax on the property in the county for the purpose of paying the interest on the bonds and providing a sinking fund for the redemption of the bonds.
Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.
Structure Texas Statutes
Subtitle I - Specific Authority for Counties to Issue Securities
Chapter 1474 - Bonds for County Water Improvements
Subchapter B. Election Provisions
Section 1474.051. Bonds for More Than One Purpose
Section 1474.052. Petition for Bond Election
Section 1474.053. Requirement to State Characteristics of Bonds
Section 1474.054. Election for Issuing Bonds
Section 1474.055. Order Issuing Bonds and Imposing Tax
Section 1474.056. Election for Issuing Notes: Order and Notice
Section 1474.057. Election for Issuing Notes: Ballot and Returns