Section 1020.301 - Imposition of Ad Valorem Tax(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:(1) pay the interest on and create a sinking fund for bonds or other obligations issued or assumed by the district for hospital purposes;(2) provide for the operation and maintenance of the district and hospital system;(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 § 1020.301
Added by Acts 2007, 80th Leg., R.S., Ch. 920, Sec. 1.02, eff. 4/1/2009.