Sec. 8838.153. LIMITATION ON TAXES. The district may not impose an ad valorem tax for administrative, operation, or maintenance expenses that exceeds the lesser of:
(1) the rate approved by the majority of the voters voting in the election authorizing the tax; or
(2) three cents per $100 of assessed valuation.
Added by Acts 2011, 82nd Leg., R.S., Ch. 70 (S.B. 1147), Sec. 1.03, eff. April 1, 2013.
Section: Previous 8838.004 8838.005 8838.051 8838.052 8838.053 8838.054 8838.055 8838.101 8838.102 8838.103 8838.104 8838.105 8838.106 8838.151 8838.152Last modified: September 28, 2016