Sec. 58.464. ADJUSTMENT OF TAX LEVY. (a) The board may from time to time increase or diminish the tax to adjust it for the taxable values of the property subject to taxation by the district and the amount required to be collected.
(b) The board shall raise an amount sufficient to pay the annual interest of and principal on all outstanding bonds.
Added by Acts 1977, 65th Leg., p. 1537, ch. 627, Sec. 1, eff. Aug. 29, 1977. Amended by Acts 1979, 66th Leg., p. 2321, ch. 841, Sec. 4(r), eff. Jan. 1, 1982.
Section: Previous 58.457 58.458 58.459 58.460 58.461 58.462 58.463 58.464 58.466 58.467 58.468 58.469 58.470 58.471 58.472 NextLast modified: September 28, 2016