1002.303 – GENERAL OBLIGATION BOND ELECTION. (a) The
Texas Special District Local Laws Code § 1002.303
Summary
This law requires that a district can only issue general obligation bonds if a majority of voters approve them in a designated election. The district's board has the authority to call for this election and must provide specific details about it.
Bonds require majority voter approval in an election.
The board can initiate the election process.
Specific details about the election must be provided.
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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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