IMPOSITION OF AD VALOREM TAX.

Tex. SPEC. DIST. LOCAL LAWS Code § 1115.251.
in effect
Sign in to generate a plain English summaryAsk Belisarius Agent
(a) The board shall impose a tax on all property in the district subject to district taxation. (b) The board shall impose the tax to pay: (1) indebtedness assumed or issued 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 1115.206 . Added by Acts 2013, 83rd Leg., R.S., Ch. 112 (S.B. 1026 ), Sec. 1.01, eff. April 1, 2015.
Source: TX Statutes (Official Site)URL: https://statutes.capitol.texas.gov/Fetched: 6/29/2026

Starting a business in Texas? Texas LLC guide: costs and requirements

Tex. SPEC. DIST. LOCAL LAWS Code § 1115.251. — IMPOSITION OF AD VALOREM TAX | Texas Statutes | Corpus