Sec. 54.507. NOTICE OF BOND ELECTION. (a) Repealed by Acts 1995, 74th Leg., ch. 715, Sec. 43, eff. Sept. 1, 1995.
(b) All or any part of any facilities or improvements which may be acquired by a district by the issuance of its bonds may be included in one single proposition to be voted on at the election or the bonds may be submitted in several propositions. A bond election may also be held on the same day as the confirmation election. The bond election may be called by a separate election order or as a part of the order calling the confirmation election.
(c) If a majority of the votes cast at the election are in favor of the issuance of the bonds, the bonds may be issued by the board if the confirmation election results favorably to the confirmation of the district.
Added by Acts 1971, 62nd Leg., p. 796, ch. 84, Sec. 1. Amended by Acts 1995, 74th Leg., ch. 715, Sec. 43, eff. Sept. 1, 1995.
Structure Texas Statutes
Title 4 - General Law Districts
Chapter 54 - Municipal Utility Districts
Subchapter F. Issuance of Bonds
Section 54.501. Issuance of Bonds
Section 54.503. Manner of Repayment of Bonds
Section 54.504. Additional Security for Bonds
Section 54.505. Election on Tax Bonds
Section 54.507. Notice of Bond Election
Section 54.510. Provisions of Bonds
Section 54.512. Sale or Exchange of Bonds
Section 54.514. Refunding Bonds
Section 54.5161. Review of Bond Projects by Counties
Section 54.518. Mandamus by Bondholders
Section 54.520. Cancellation of Unsold Bonds
Section 54.521. Use of Bond Proceeds to Pay Certain Interest