Texas Statutes (Last Updated: January 4, 2014) |
SPECIAL DISTRICT LOCAL LAWS CODE |
Title 4. DEVELOPMENT AND IMPROVEMENT |
Subtitle C. DEVELOPMENT, IMPROVEMENT, AND MANAGEMENT |
Chapter 3816. FRISCO SQUARE MANAGEMENT DISTRICT |
Subchapter D. FINANCIAL PROVISIONS |
Sec. 3816.153. AUTHORITY TO IMPOSE AD VALOREM TAXES, ASSESSMENTS, AND IMPACT FEES
Latest version.
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The district may impose an ad valorem tax, assessment, or impact fee as provided by Chapter 375, Local Government Code, on all property in the district, including industrial, commercial, or residential property, and may impose an assessment on municipal property in the district to:
(1) finance or provide an improvement or service for a project or activity this chapter authorizes the district to construct, acquire, or improve; or
(2) provide or to make a payment under a contract.
Acts 2003, 78th Leg., ch. 1277, Sec. 1, eff. April 1, 2005.