Texas Statutes (Last Updated: January 4, 2014) |
TRANSPORTATION CODE |
Title 5. RAILROADS |
Subtitle I. SPECIAL DISTRICTS |
Chapter 172. RURAL RAIL TRANSPORTATION DISTRICTS |
Subchapter F. FINANCIAL PROVISIONS |
Sec. 172.255. APPLICABILITY OF PUBLIC PROPERTY FINANCING LAW; PROHIBITION ON AD VALOREM TAX
Latest version.
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A district may use the procedures provided by Chapter 271, Local Government Code, to finance the district's rail facilities, except to the extent of a conflict with this chapter, and except that the district may not impose an ad valorem tax.
Added by Acts 2009, 81st Leg., R.S., Ch. 85 , Sec. 2.04, eff. April 1, 2011.