Sec. 1506.005. ELECTION. A municipality may issue bonds under this subchapter without an election, but the governing body of the municipality may hold an election in compliance with Chapter 1251 to determine whether a majority of the qualified voters of the municipality voting in the election approve the issuance of the bonds.
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 1506 - Bonds for Municipal Parking and Transportation Facilities
Section 1506.001. Applicability of Subchapter
Section 1506.002. Authority to Issue Revenue Bonds
Section 1506.003. Pledge of Revenue
Section 1506.004. Bonds Not Payable From Taxes
Section 1506.008. Exemption From Taxation
Section 1506.009. Personnel; Operation and Maintenance Expenses