Tex. Special District Local Laws Code § 8511.0706: ELECTION FOR BONDS PAYABLE FROM AD VALOREM TAXES.
Where this section sits in the code
- SPECIAL DISTRICT LOCAL LAWS CODE
- TITLE 6. WATER AND WASTEWATER
- SUBTITLE G. RIVER AUTHORITIES
- CHAPTER 8511. NUECES RIVER AUTHORITY
- SUBCHAPTER G. BONDS, BORROWED MONEY, AND GRANTS
(a) Authority bonds, other than refunding bonds, payable wholly or partly from ad valorem taxes may not be issued unless authorized by an election at which a majority of the votes cast favor the bond issuance. The election must be held in accordance with Section 8511.0602.
(b) The authority may issue bonds not payable wholly or partly from ad valorem taxes without an election.
Added by Acts 2021, 87th Leg., R.S., Ch. 914 (H.B. 3530), Sec. 1.03, eff. April 1, 2023.
Collected 2026-08-27T01:47:41Z. Source file · JSON