Sec. 1039.251. IMPOSITION OF AD VALOREM TAX

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

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

                    
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