Texas Special District Local Laws Code § 1024.251 Imposition Of Ad Valorem Tax

Sec. 1024.251. 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 pay:

(1) indebtedness issued or assumed by the district; and

(2) 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  1024.157  1024.158  1024.159  1024.160  1024.201  1024.202  1024.203  1024.204  1024.205  1024.206  1024.207  1024.208  1024.251  1024.252  1024.253  Next

Last modified: September 28, 2016