Texas Election Code
§ 3.009 — CONTENTS OF DEBT OBLIGATION ELECTION ORDER
EL § 3.009Title 1. INTRODUCTORY PROVISIONS · Ch. 3. ORDERING ELECTION
Statute text
View on source(a)In this section, "debt obligation" means an issued public security, as defined by Section 1201.002, Government Code, that is secured by and payable from ad valorem taxes. The term does not include public securities that are designated as self-supporting by the political subdivision issuing the securities.
(b)The document ordering an election to authorize a political subdivision to issue debt obligations must distinctly state:
(1)the proposition language that will appear on the ballot;
(2)the purpose for which the debt obligations are to be authorized;
(3)the principal amount of the debt obligations to be authorized;
(4)that taxes sufficient to pay the principal of and interest on the debt obligations may be imposed;
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Legislative history
Acts 2019, 86th Leg., R.S., Ch. 728 (H.B. 477), Sec. 1, eff. September 1, 2019.