Texas Special District Local Laws Code § 1015.251 Imposition Of Ad Valorem Tax

Sec. 1015.251. IMPOSITION OF AD VALOREM TAX. (a) The board may impose a tax on all property in the district subject to district taxation.

(b) The tax may be used to meet the requirements of:

(1) district bonds;

(2) indebtedness assumed by the district; and

(3) the maintenance and operating expenses of the district.

(c) The district may not impose a tax to pay the principal of or interest on revenue bonds issued under this chapter.

Added by Acts 2007, 80th Leg., R.S., Ch. 920 (H.B. 3166), Sec. 1.02, eff. April 1, 2009.

Section: Previous  1015.202  1015.203  1015.204  1015.205  1015.206  1015.207  1015.208  1015.251  1015.252  1015.253  1015.301  1015.302  1015.303  1015.304  1015.305  Next

Last modified: September 28, 2016