Sec. 1505.209. ELECTION. (a) A municipality may not issue bonds under this subchapter unless the issuance is authorized by a majority of the qualified voters voting at an election held for that purpose under Chapter 1251.
(b) The governing body of the municipality shall hold the election in the manner provided for the issuance of other bonds of the municipality.
(c) This section does not apply to refunding bonds.
Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999. Amended by Acts 2001, 77th Leg., ch. 1420, Sec. 8.026, eff. Sept. 1, 2001.
Structure Texas Statutes
Subtitle J - Specific Authority for Municipalities to Issue Securities
Chapter 1505 - Obligations for Coastal Municipalities for Coastal Matters
Section 1505.201. Applicability of Subchapter
Section 1505.203. Authority to Issue Revenue Bonds
Section 1505.204. Authority to Accept Loans and Grants
Section 1505.205. Location of Harbor Improvement or Facility
Section 1505.206. Pledge of Revenue
Section 1505.207. Grant of Franchise
Section 1505.208. Bonds Not Payable From Taxes
Section 1505.210. Additional Bonds
Section 1505.211. Transfer of Pledged Revenue
Section 1505.213. Appointment of Receiver
Section 1505.214. Exemption From Assessment or Taxation
Section 1505.215. Authority to Issue Refunding Bonds
Section 1505.216. Terms of Issuance of Refunding Bonds
Section 1505.217. Registration of Refunding Bonds by Comptroller