§ 1210 District Bond Issuance Rules

This law says a district can sell bonds (a kind of loan) only if at least two‑thirds of the people who vote on the bond proposal say yes.

Key Takeaways

•Bonds can only be sold if a super‑majority (two‑thirds) of voters approve.
•Only the people who actually vote count; non‑voters don’t affect the calculation.
•The district can use the bond money for any power it has or any purpose the chapter allows.

Example

A town wants to raise money to fix its old water pipes and proposes a bond election.

The town can only use the money from the bond if, out of everyone who actually votes on the bond, at least 66 out of 100 voters (or any equivalent two‑thirds) vote yes.

How to Calculate

Required Yes Votes = (2/3) × Total Votes Cast

Count how many people actually voted on the bond proposal.
Multiply that number by 2.
Divide the result by 3 (or multiply by 0.6667).
If the number of "yes" votes is equal to or greater than the result, the bond can be issued.

In a small district, 150 people vote on a bond proposal. 100 of them vote "yes" and 50 vote "no".

Result: Required Yes Votes = (2/3) × 150 = 100. Since the actual yes votes are 100, the bond meets the two‑thirds requirement and can be issued.

This law says a district can sell bonds (a kind of loan) only if at least two‑thirds of the people who vote on the bond proposal say yes.

Key Takeaways

•Bonds can only be sold if a super‑majority (two‑thirds) of voters approve.
•Only the people who actually vote count; non‑voters don’t affect the calculation.
•The district can use the bond money for any power it has or any purpose the chapter allows.

Example

A town wants to raise money to fix its old water pipes and proposes a bond election.

The town can only use the money from the bond if, out of everyone who actually votes on the bond, at least 66 out of 100 voters (or any equivalent two‑thirds) vote yes.

How to Calculate

Required Yes Votes = (2/3) × Total Votes Cast

Count how many people actually voted on the bond proposal.
Multiply that number by 2.
Divide the result by 3 (or multiply by 0.6667).
If the number of "yes" votes is equal to or greater than the result, the bond can be issued.

In a small district, 150 people vote on a bond proposal. 100 of them vote "yes" and 50 vote "no".

Result: Required Yes Votes = (2/3) × 150 = 100. Since the actual yes votes are 100, the bond meets the two‑thirds requirement and can be issued.

Key Takeaways

Example

How to Calculate

Key Terms

References

§ 1210 District Bond Issuance Rules

Key Takeaways

Example

How to Calculate

Key Terms

References

Key Takeaways

Example

How to Calculate

Key Terms

Related Statutes

References

Key Takeaways

Example

How to Calculate

Key Terms

Related Statutes

References