GroundRules
Tex. Special District Local Laws Code § 7972.151: ELECTIONS REGARDING TAXES OR BONDS.
Where this section sits in the code
- SPECIAL DISTRICT LOCAL LAWS CODE
- TITLE 6. WATER AND WASTEWATER
- SUBTITLE F. MUNICIPAL UTILITY DISTRICTS
- CHAPTER 7972. BLAKETREE MUNICIPAL UTILITY DISTRICT NO. 2 OF MONTGOMERY COUNTY
- SUBCHAPTER D. GENERAL FINANCIAL PROVISIONS
(a) The district may issue, without an election, bonds and other obligations secured by:
(1) revenue other than ad valorem taxes; or
(2) contract payments described by Section 7972.153.
(b) The district must hold an election in the manner provided by Chapters 49 and 54, Water Code, to obtain voter approval before the district may impose an ad valorem tax or issue bonds payable from ad valorem taxes.
(c) The district may not issue bonds payable from ad valorem taxes to finance a road project unless the issuance is approved by a vote of a two-thirds majority of the district voters voting at an election held for that purpose.
Added by Acts 2017, 85th Leg., R.S., Ch. 455 (S.B. 1118), Sec. 1, eff. September 1, 2017.
Collected 2026-08-27T01:47:41Z. Source file · JSON