Sec. 7807.204. ELECTION REQUIRED. (a) Bonds, other than refunding bonds, may not be issued unless authorized by a majority of the votes cast in an election held to determine whether the bonds should be issued and whether a tax should be imposed to pay the principal of and interest on the bonds.
(b) The board may order and provide notice of an election under this section.
(c) In addition to other requirements, the ballot shall be printed to provide for voting for or against the proposition: "The issuance of bonds and the imposition of a tax in payment thereof."
Added by Acts 2011, 82nd Leg., R.S., Ch. 70 (S.B. 1147), Sec. 1.02, eff. April 1, 2013.
Structure Texas Statutes
Special District Local Laws Code
Title 6 - Water and Wastewater
Subtitle E - Levee Improvement Districts
Chapter 7807 - Valwood Improvement Authority of Dallas County, Texas
Section 7807.201. Authority to Issue Bonds
Section 7807.202. Form of Bonds
Section 7807.204. Election Required
Section 7807.205. Use of Bond Proceeds
Section 7807.206. Taxes for Bonds
Section 7807.207. Bond Anticipation Notes and Preliminary Bonds