Sec. 3816.159. ELECTIONS REGARDING TAXES OR BONDS. (a) In addition to the elections required under Subchapter L, Chapter 375, Local Government Code, the district must hold an election in the manner provided by that subchapter to obtain voter approval before the district may:
(1) impose a maintenance tax; or
(2) issue a bond payable from ad valorem taxes or assessments.
(b) The board may include more than one purpose in a single proposition at an election.
(c) If the district obtains the written consent of all property owners in the district to impose a maintenance tax or issue bonds payable from ad valorem taxes or assessments, the district is exempt from the election requirement under Subsection (a) and may cancel an election called under Subsection (a).
Acts 2003, 78th Leg., ch. 1277, Sec. 1, eff. April 1, 2005.
Structure Texas Statutes
Special District Local Laws Code
Title 4 - Development and Improvement
Subtitle C - Development, Improvement, and Management
Chapter 3816 - Frisco Square Management District
Subchapter D. Financial Provisions
Section 3816.151. Petition Required for Financing Services and Improvements
Section 3816.152. Disbursements and Transfers of Money
Section 3816.153. Authority to Impose Ad Valorem Taxes, Assessments, and Impact Fees
Section 3816.154. Maintenance Tax
Section 3816.155. Contracts Secured by Ad Valorem Taxes
Section 3816.157. Liens for Assessments
Section 3816.158. Utility Property Exempt From Assessments and Impact Fees
Section 3816.159. Elections Regarding Taxes or Bonds
Section 3816.160. Municipality Not Required to Pay District Obligations