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Tex. Gov't Code § 1333.003

ELECTION RESULTS; DESTRUCTION OF BONDS

Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff

(a) The governing body of the municipality shall record the results of an election held under this chapter in its minutes.

(b) If a majority of the qualified voters voting at the election vote in favor of the proposition, the governing body of the municipality shall revoke and burn the unsold bonds.

(c) The municipality shall send to the comptroller a certified copy of the minutes of the municipality showing the revocation and destruction of the bonds.

(d) On receipt of notice under Subsection (c), the comptroller shall cancel the registration of the bonds in the records of the comptroller.

Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.