Sec. 21.452. AMOUNT OF TAX

Latest version.

(a) The amount of tax imposed by the board must be in an amount necessary to pay:
(1) the principal of and interest on district bonds; and
(2) the expense of assessing and collecting taxes.
(b) The district may impose a maintenance and operating tax in an amount not to exceed three cents on each $100 of assessed valuation of property in the district to pay the district's maintenance and operating expenses.

Added by Acts 2007, 80th Leg., R.S., Ch. 920 , Sec. 1.01, eff. April 1, 2009.

                    
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