12-17,155.   Same; issuance and sale of generalobligation bonds; election.The governing body of any public improvement district createdpursuant to this act may purchase or otherwise acquire landor land and improvements andmay acquire, construct, reconstruct, repair or remodel improvements thereon oradditions thereto, includingfurnishings, equipment, and architectural and incidental expense relatedthereto, and for such purposes suchpublic improvement district is authorized to issue and sell generalobligation bonds. No such bondsshall be issued until thequestion of their issuance shall have been submitted to a vote of the electorsof such public improvement district at a regularelection or at a special election called for that purpose and the majority ofthe electors voting on theproposition in such district shall have voted in favor of the issuance of thebonds. Such election shall becalled, noticed and held and the bonds issued, sold, delivered and retired inaccordance with the provisionsof the general bond law.

      History:   L. 2005, ch. 151, § 4; July 1.