Section 1011.251 - Imposition of Ad Valorem Tax(a) On final approval of the budget, the board shall impose a tax on all taxable property in the district subject to district taxation.(b) The board shall impose the tax to: (1) pay the interest on and create a sinking fund for bonds issued by the district for hospital purposes as provided by this chapter;(2) provide for the maintenance and operations of the hospital, hospital system, or related facilities;(3) make improvements and additions to the hospital system; and(4) acquire necessary sites for the hospital system by purchase, lease, or condemnation.Tex. Spec. Dist. Loc. Laws § 1011.251
Added by Acts 2011, 82nd Leg., R.S., Ch. 70, Sec. 1.01, eff. 4/1/2013.