Sec. 7805.154. REFUNDING BOND ELECTION. (a) The district may refund any outstanding bonds with the approval of district voters voting at an election held by the district.
(b) The election shall be held as provided by Chapter 7803. The ballot shall:
(1) be printed to provide for voting for or against the proposition: "For the issuance of refunding bonds and the levy of taxes in payment of those bonds."; and
(2) state the maximum interest rate and maturity applicable to the refunding bonds.
(c) The rate and maturity may exceed the maximum rate and maturity applicable to any outstanding bonds being refunded.
Added by Acts 2013, 83rd Leg., R.S., Ch. 112 (S.B. 1026), Sec. 1.02, eff. April 1, 2015.
Structure Texas Statutes
Special District Local Laws Code
Title 6 - Water and Wastewater
Subtitle E - Levee Improvement Districts
Chapter 7805 - Irving Flood Control District Section Iii
Section 7805.151. Authority to Issue Bonds; Taxes for Bonds
Section 7805.152. Assumption of Indebtedness, Contracts
Section 7805.153. Previously Authorized Maintenance Taxes