Sec. 1015.252. TAX RATE

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(a) The board may impose the tax at a rate for the initial tax year not to exceed eight cents on each $100 valuation of taxable property.
(b) The tax rate for all purposes may not exceed 12 cents on each $100 valuation of all taxable property in the district.
(c) In setting the tax rate, the board shall consider income of the district from sources other than taxation.
(d) The board may decrease the tax rate or may elect not to impose a tax.

Added by Acts 2007, 80th Leg., R.S., Ch. 920 , Sec. 1.02, eff. April 1, 2009.

                    
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