1007.203 – BOND ELECTION. (a) The board may issue bonds
Texas Special District Local Laws Code § 1007.203
Summary
This law allows a special district's board to issue bonds only if a majority of voters approve in a designated election. The total bond value is limited to what is specified in the election order, ensuring voter control over district financing decisions.
Bonds require majority voter approval in an election.
Total bond value is capped by the election order.
The board can call a bond election at any time.
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In simple terms: Learn about Texas's BOND ELECTION. (a) The board may issue bonds 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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