Texas Transportation Code - Section 256.051. County, Precinct, And Road District Bond Taxes
Legal Research Home >
Texas Lawyer > Transportation Code > Texas Transportation Code - Section 256.051. County, Precinct, And Road District Bond Taxes
§ 256.051. COUNTY, PRECINCT, AND ROAD DISTRICT BOND
TAXES. (a) In each year in which bonds issued under Chapter 1471,
Government Code, are outstanding, the county, precinct, or road
district that issued the bonds shall impose taxes in an amount
sufficient to pay the principal of and interest on the bonds.
(b) The taxes shall be imposed in the manner provided by
Sections 51.502 through 51.506, Water Code. A reference in Chapter
257 or in Chapter 1471, Government Code, to ad valorem taxes applies
to a tax levied by the commissioners court under this section on a
basis other than the ad valorem basis.
(c) Taxes for bonds issued on the full faith and credit of
the county shall be assessed and collected by the county
assessor-collector in the manner provided by law for the assessment
and collection of other county taxes.
(d) Taxes for bonds issued for and on the full faith and
credit of a precinct or road district shall be assessed and
collected by the county assessor-collector in the manner provided
for the assessment and collection of common school district taxes.
(e) The county assessor-collector shall pay taxes collected
under this section to the county treasurer in the manner that other
taxes are paid.
Acts 1995, 74th Leg., ch. 165, § 1, eff. Sept. 1, 1995. Amended
by Acts 2001, 77th Leg., ch. 1420, § 8.374, eff. Sept. 1, 2001.
Section: 256.004 256.005 256.006 256.007 256.008 256.009 256.010 256.051 256.052 256.053 256.054 257.001 257.002 257.003 257.004
Last modified: August 10, 2007
|
