Sec. 454.023. PETITION FOR ELECTION. (a) The governing body of a municipality may issue bonds or notes under this chapter without an election unless a petition requesting an election on the question is filed with the municipal secretary before the scheduled time for adopting the ordinance authorizing the issuance of the bonds or notes.
(b) A petition under this section must be signed by at least 10 percent of the registered voters of the municipality who have rendered their property for taxation.
Acts 1995, 74th Leg., ch. 165, Sec. 1, eff. Sept. 1, 1995.
Structure Texas Statutes
Subtitle K - Mass Transportation
Chapter 454 - Municipal Mass Transportation Systems
Subchapter B. Revenue Bonds and Notes
Section 454.021. Authority to Issue
Section 454.022. Notice of Ordinance Authorizing Issuance
Section 454.023. Petition for Election
Section 454.025. Encumbrance of Transportation System
Section 454.026. Transportation System Franchise
Section 454.027. Operating Expenses as Lien on Revenue
Section 454.028. Obligation of Transportation System Not Municipal Debt