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Tex. Spec. Dist. Local Laws Code § 1074.251

IMPOSITION OF AD VALOREM TAX

Added by Acts 2011, 82nd Leg., R.S., Ch. 70 (S.B. 1147), Sec. 1.01, eff

(a) The board shall annually impose a tax to pay:

(1) indebtedness issued or assumed by the district; and

(2) district maintenance and operating expenses.

(b) The district may not impose a tax to pay the principal of or interest on revenue bonds issued under Section 1074.203.

Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.