Court Opinions

State Laws

US Code

US Constitution

Texas Special District Local Laws Code - Section 1003.202. Taxes To Pay General Obligation Bonds

Legal Research Home > Texas Lawyer > Special District Local Laws Code > Texas Special District Local Laws Code - Section 1003.202. Taxes To Pay General Obligation Bonds

§ 1003.202. TAXES TO PAY GENERAL OBLIGATION BONDS.  (a) 
The board shall impose an ad valorem tax in an amount sufficient to 
create an interest and sinking fund to pay the principal of and 
interest on the general obligation bonds as they mature.
	(b)  The tax required by this section together with any other 
tax the district imposes in any year may not exceed 75 cents on each 
$100 assessed value of the property according to the most recent 
certified tax appraisal roll of the district.

Acts 2003, 78th Leg., ch. 1277, § 1, eff. April 1, 2005.                   

Last modified: August 10, 2007