IMPOSITION OF AD VALOREM TAX.
Tex. SPEC. DIST. LOCAL LAWS Code § 1108.251.
in effect(a) The board may impose a tax on all property in the district subject to district taxation.
(b) The board shall impose the tax to pay:
(1) indebtedness issued or assumed by the district; and
(2) district maintenance and operating expenses.
(c) The board may not impose a tax to pay the principal of or interest on revenue bonds issued under Section 1108.204 .
Added by Acts 2011, 82nd Leg., R.S., Ch. 70 (S.B. 1147 ), Sec. 1.01, eff. April 1, 2013.
