Sec. 3850.159. AD VALOREM TAX. (a) If authorized at an election held in accordance with Section 3850.162, the district may impose an annual ad valorem tax on taxable property in the district to:
(1) maintain and operate the district;
(2) construct or acquire improvements; or
(3) provide a service.
(b) The board shall determine the tax rate. The rate may not exceed the rate approved at the election.
Added by Acts 2005, 79th Leg., Ch. 771 (H.B. 3526), Sec. 1, eff. June 17, 2005.
Section: Previous 3850.151 3850.152 3850.153 3850.154 3850.155 3850.156 3850.157 3850.158 3850.159 3850.160 3850.161 3850.162 3850.163 3850.164 3850.165 NextLast modified: September 28, 2016