Sec. 1016.251. IMPOSITION OF AD VALOREM TAX. (a) The board shall impose a tax on all property in the district subject to district taxation.
(b) The board shall impose the tax to:
(1) pay the interest on and create a sinking fund for bonds or other obligations issued or assumed by the district for hospital purposes;
(2) pay indebtedness incurred or assumed by the district;
(3) provide for the operation and maintenance of the district and the hospital or hospital system;
(4) make improvements and additions to the hospital system; and
(5) acquire necessary sites for the hospital system by purchase, lease, or condemnation.
Added by Acts 2007, 80th Leg., R.S., Ch. 920 (H.B. 3166), Sec. 1.02, eff. April 1, 2009.
Section: Previous 1016.155 1016.156 1016.157 1016.158 1016.159 1016.160 1016.201 1016.202 1016.203 1016.204 1016.205 1016.206 1016.207 1016.208 1016.251Last modified: September 28, 2016