Sec. 8347.151. ELECTIONS REGARDING TAXES OR BONDS. (a) The district may issue, without an election, bonds and other obligations secured by revenue or contract payments from a source other than ad valorem taxation.
(b) The district must hold an election in the manner provided by Chapters 49 and 54, Water Code, to obtain voter approval before the district may impose an ad valorem tax or issue bonds payable from ad valorem taxes.
(c) An ad valorem tax rate imposed by the district may not exceed the rate approved at the election.
Added by Acts 2009, 81st Leg., R.S., Ch. 1093 (H.B. 4799), Sec. 1, eff. September 1, 2009.
Section: Previous 8347.006 8347.051 8347.052 8347.101 8347.102 8347.103 8347.104 8347.105 8347.106 8347.107 8347.108 8347.109 8347.151 8347.152 8347.201 NextLast modified: September 28, 2016