1003.203 – GENERAL OBLIGATION BOND ELECTION. (a) The
Texas Special District Local Laws Code § 1003.203
Summary
This law requires that a district can only issue general obligation bonds if a majority of voters approve them in an election. The district's board has the authority to call for such an election and must provide specific details about it.
Majority voter approval is required for bond issuance.
The board can initiate the election process.
Specific election details must be provided by the board.
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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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