Sec. 1505.061. ELECTION. (a) If, before the time set for action on the ordinance authorizing the proposed project and the issuance of the bonds, a petition is filed with the municipal secretary or municipal clerk requesting an election on the approval of the project and the issuance of the bonds that is signed by at least 100 registered voters of the municipality who are listed on the most recent tax roll of the municipality as owning property, the governing body of the municipality may not approve the project or issue the bonds unless a proposition for the approval of the project and the issuance of the bonds is approved by a majority of the votes cast at an election held for that purpose.
(b) The governing body shall conduct the election in the manner provided by Chapter 1251.
(c) The governing body may hold an election on approval of the project and issuance of the bonds regardless of whether a petition is filed.
Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.
Structure Texas Statutes
Subtitle J - Specific Authority for Municipalities to Issue Securities
Chapter 1505 - Obligations for Coastal Municipalities for Coastal Matters
Subchapter B. Bonds for Navigational Facilities in Certain Coastal Municipalities
Section 1505.051. Applicability of Subchapter
Section 1505.053. Authority for Navigational Facilities
Section 1505.054. Authority to Issue Bonds
Section 1505.055. Authority to Borrow From United States
Section 1505.056. Payment of Bonds
Section 1505.057. Encumbrance as Additional Security
Section 1505.058. Additional Security for Project Related to Acquisition or Construction of Bridge
Section 1505.059. Bonds Not Payable From Taxes
Section 1505.060. Estimate of Project Cost; Notice of Intention to Approve Project and Issue Bonds
Section 1505.062. Contents of Ordinance Authorizing Issuance of Bonds
Section 1505.064. Medium of Payment
Section 1505.065. Additional Bonds
Section 1505.066. Sale of Bonds
Section 1505.067. Deposit of Bond Proceeds
Section 1505.068. Operating Expenses as First Lien
Section 1505.069. Sale or Lease of Reclaimed or Reconstructed Land
Section 1505.071. Deposits to Bond and Interest Redemption Fund
Section 1505.072. Disposition of Certain Surplus Money
Section 1505.073. Separate Records
Section 1505.074. Required Payment for Services Rendered to Municipality
Section 1505.075. Authority to Regulate Operation of Bridges and Traffic on Bridges
Section 1505.076. Commissioners of Navigation District
Section 1505.077. Authority for County Appropriations
Section 1505.078. Authority for Texas Department of Transportation Expenditures
Section 1505.079. Certain County and Municipal Expenditures Not Prohibited