Texas Special District Local Laws Code § 1116.251 Imposition Of Ad Valorem Tax

Sec. 1116.251. IMPOSITION OF AD VALOREM TAX. (a) The board shall impose a tax on all property in the district subject to district taxation.

(b) The tax may be used only to:

(1) pay the interest on and create a sinking fund for bonds issued under this chapter;

(2) provide for the operation and maintenance of the district and the hospital system;

(3) make improvements and additions to the hospital system; and

(4) acquire sites for additions to the hospital system.

Added by Acts 2013, 83rd Leg., R.S., Ch. 112 (S.B. 1026), Sec. 1.01, eff. April 1, 2015.

Section: Previous  1116.154  1116.155  1116.201  1116.202  1116.203  1116.204  1116.205  1116.251  1116.252  1116.253  1116.254  1116.301  1116.302  1116.303  1116.304  Next

Last modified: September 28, 2016