Texas Special District Local Laws Code § 8848.151 Limitation On Tax Rate For Debt

Sec. 8848.151. LIMITATION ON TAX RATE FOR DEBT. The district may impose an ad valorem tax at a rate not to exceed 20 cents for each $100 of assessed valuation to pay any part of the bonds or notes issued by the district if a majority of the voters approve:

(1) the authority to impose the tax at the confirmation election; or

(2) that authority at a separate election called for that purpose by the board.

Added by Acts 2009, 81st Leg., R.S., Ch. 1139 (H.B. 2619), Sec. 1.05, eff. April 1, 2011.

Section: Previous  8848.001  8848.002  8848.003  8848.004  8848.051  8848.052  8848.053  8848.054  8848.055  8848.101

Last modified: September 28, 2016