Tex. Spec. Dists. Code § 1121.251

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.

Section 1121.251 - Imposition of Ad Valorem Tax

(a) The board shall impose a tax on all property in the district subject to taxation by the district.

(b) The tax may be used to pay:

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

(2) the maintenance and operating expenses of the district.

(c) The district may not impose a tax to pay the principal of or interest on revenue bonds issued under this chapter.

Tex. Spec. Dist. Loc. Laws § 1121.251

Added by Acts 2015, Texas Acts of the 84th Leg. - Regular Session, ch. 141,Sec. 1, eff. 5/28/2015.