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Texas Special District Local Laws Code

§ 1009.203 — GENERAL OBLIGATION BOND ELECTION

SD § 1009.203Title 3. HEALTH · Part A. HOSPITAL DISTRICTS · Ch. 1009. COCHRAN MEMORIAL HOSPITAL DISTRICT · Art. E. BONDS

Statute text

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(a)The district may issue general obligation bonds only if the bonds are authorized by a majority of the voters voting in an election held for that purpose.
(b)The board shall call the election. The election must be held in accordance with Chapter 1251, Government Code.
(c)The bond election order must specify:
(1)the date of the election;
(2)the amount of bonds to be authorized;
(3)the maximum maturity of the bonds;

Legislative history

Added by Acts 2005, 79th Leg., Ch. 729 (H.B. 2019), Sec. 1.01, eff. April 1, 2007.

Source: Texas Special District Local Laws Code § 1009.203 from the Texas Constitution and Statutes (Texas Legislature) (public record). DecisionDepot is for informational use only and is not legal advice — verify against the official source before relying on this text.