1008.253 – GENERAL OBLIGATION BOND ELECTION. (a) The
Texas Special District Local Laws Code § 1008.253
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 must provide specific details about the election, including date, polling locations, and bond amounts.
Bonds require majority voter approval in an election.
Election details must be specified by the board.
Includes information on polling places and bond maturity.
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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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