Sec. 454.024. ELECTION. (a) If a petition meeting the requirements of Section 454.023 is filed:
(1) the governing body of the municipality shall hold an election on the question as provided by Chapter 1251, Government Code; and
(2) the bonds or notes may not be issued unless a majority of the votes received at the election favor the question.
(b) The governing body of a municipality may call an election for the issuance of bonds or notes under this chapter without a petition under Section 454.023.
Acts 1995, 74th Leg., ch. 165, Sec. 1, eff. Sept. 1, 1995. Amended by Acts 2001, 77th Leg., ch. 1420, Sec. 8.398, eff. Sept. 1, 2001.
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