Sec. 1074.251. IMPOSITION OF AD VALOREM TAX

Latest version.

(a) The board shall annually impose a tax to pay:
(1) indebtedness issued or assumed by the district; and
(2) district maintenance and operating expenses.
(b) The district may not impose a tax to pay the principal of or interest on revenue bonds issued under Section 1074.203.

Added by Acts 2011, 82nd Leg., R.S., Ch. 70 , Sec. 1.01, eff. April 1, 2013.

                    
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