1001.353 – GENERAL OBLIGATION BOND ELECTION. (a) The
Texas Special District Local Laws Code § 1001.353
Summary
This law allows a district to issue general obligation bonds only if a majority of voters approve them in an election. The governing body can call the election either at the board's request or on its own initiative, and a designated official is responsible for conducting the election.
Bonds require majority voter approval in an election.
Governing body can initiate the election independently.
Designated official conducts the bond election.
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In simple terms: Learn about Texas's GENERAL OBLIGATION BOND ELECTION. (a) The law, including definitions, penalties, and legal implications.. This means people must follow this rule, and breaking it can lead to criminal penalties.
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