1006.203 – GENERAL OBLIGATION BOND ELECTION. (a) The
Texas Special District Local Laws Code § 1006.203
Summary
This law requires that general obligation bonds can only be issued if approved by a majority of voters in a designated election. The governing board is responsible for calling the election and ensuring it complies with specific regulations.
Voter approval is mandatory for issuing general obligation bonds.
The board must call and organize the election.
Election procedures must adhere to Chapter 1251, Government Code.
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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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