1004.253 – GENERAL OBLIGATION BOND ELECTION. (a) The
Texas Special District Local Laws Code § 1004.253
Summary
This law requires that a district can only issue general obligation bonds if a majority of voters approve it in an election. The board is responsible for ordering the election and must provide specific details about it.
Voter approval is mandatory for issuing general obligation bonds.
The board must call and specify details of the bond election.
Details include election date, polling hours, locations, and bond amounts.
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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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