Sec. 3880.212. ELECTIONS REGARDING TAXES AND BONDS. (a) The district may issue, without an election, bonds, notes, and other obligations secured by:
(1) revenue other than ad valorem taxes; or
(2) contract payments described by Section 3880.209.
(b) The district must hold an election in the manner provided by Subchapter L, Chapter 375, Local Government Code, to obtain voter approval before the district may impose an ad valorem tax or issue bonds payable from ad valorem taxes.
(c) Section 375.243, Local Government Code, does not apply to the district.
(d) All or any part of any facilities or improvements that may be acquired by a district by the issuance of district bonds may be included in one single proposition to be voted on at the election or the bonds may be submitted in several propositions.
Added by Acts 2009, 81st Leg., R.S., Ch. 1084 (H.B. 4777), Sec. 1, eff. June 19, 2009.
Structure Texas Statutes
Special District Local Laws Code
Title 4 - Development and Improvement
Subtitle C - Development, Improvement, and Management
Chapter 3880 - Harris County Improvement District No. 12
Subchapter E. General Financial Provisions
Section 3880.201. Disbursements and Transfers of Money
Section 3880.202. Money Used for Improvements or Services
Section 3880.203. Petition Required for Financing Services and Improvements With Assessments
Section 3880.204. Method of Notice for Hearing
Section 3880.205. Assessments; Liens for Assessments
Section 3880.206. Utility Property Exempt From Impact Fees and Assessments
Section 3880.207. Residential Property
Section 3880.208. Operation and Maintenance Tax
Section 3880.209. Contract Taxes
Section 3880.210. Authority to Borrow Money and to Issue Bonds
Section 3880.211. Taxes for Bonds
Section 3880.212. Elections Regarding Taxes and Bonds
Section 3880.213. City Not Required to Pay District Obligations