Texas Special District Local Laws Code - Section 1001.401. Imposition Of Ad Valorem Tax
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§ 1001.401. IMPOSITION OF AD VALOREM TAX. (a) The
governing body shall impose on all taxable property in the
district, for the benefit of the district, a tax at a rate not to
exceed 75 cents on each $100 valuation of the property.
(b) The governing body shall impose the tax at the same time
taxes are imposed for municipal purposes, using the municipal
appraisal roll.
(c) The tax may be used to:
(1) pay the interest on and create a sinking fund for
bonds assumed or issued by the district for hospital purposes as
provided by this chapter;
(2) provide for the operation and maintenance of the
hospital or hospital system; and
(3) when requested by the board and approved by the
governing body, make improvements and additions to the hospital
system and acquire necessary sites by purchase, lease, or
condemnation.
Added by Acts 2005, 79th Leg., ch. 729, § 1.01, eff. April 1,
2007.
Section: 1001.355 1001.356 1001.357 1001.358 1001.359 1001.360 1001.361 1001.401 1001.402 1001.403 1001.404 1001.405 1002.001 1002.002 1002.003
Last modified: August 10, 2007
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