Sec. 1509.005. ELECTION REQUIRED TO SECURE BONDS WITH TAX REVENUE. Bonds to be issued under this subchapter that are payable in whole or in part from ad valorem taxes must be approved, before issuance, by a vote of a majority of the registered voters of the municipality voting on the issue.
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 1509 - Obligations for Other Municipal Purposes
Subchapter A. Bonds for Facilities to Be Sold or Leased to Public or Private Entities
Section 1509.001. Authority to Acquire Property for Lease to Public or Private Entity
Section 1509.002. Authority to Acquire Property for Sale or Lease to Institution of Higher Education
Section 1509.003. Authority to Issue Bonds
Section 1509.004. Bond Payments From Revenue or Taxes
Section 1509.005. Election Required to Secure Bonds With Tax Revenue
Section 1509.006. Contents of Ordinance, Order, or Resolution Authorizing Bonds
Section 1509.007. Adoption and Execution of Documents
Section 1509.009. Imposition of Tax
Section 1509.010. Grants for Prisons or Law Enforcement Facilities Not Prohibited