Sec. 1122.251. IMPOSITION OF AD VALOREM TAX. (a) The board shall impose a tax on all property in the district subject to taxation by the district.
(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 2013, 83rd Leg., R.S., Ch. 1306 (H.B. 3793), Sec. 5, eff. September 1, 2013.
Amended by:
Acts 2015, 84th Leg., R.S., Ch. 382 (H.B. 1596), Sec. 14, eff. June 10, 2015.
Section: Previous 1122.201 1122.202 1122.203 1122.204 1122.205 1122.206 1122.207 1122.251 1122.252 1122.2521 1122.2522 1122.2523 1122.2524 1122.2525 1122.253 NextLast modified: September 28, 2016