Sec. 1027.251. IMPOSITION OF AD VALOREM TAX. (a) The board annually shall impose a tax on all property in the district subject to district taxation.
(b) The board shall impose the tax to:
(1) pay the interest on and create a sinking fund for bonds and other obligations issued or assumed by the district for hospital purposes;
(2) provide for the operation and maintenance of the district and hospital system, based on the final budget;
(3) make improvements and additions to the hospital system; and
(4) acquire necessary sites for the hospital system by purchase, lease, or condemnation.
Added by Acts 2007, 80th Leg., R.S., Ch. 920 (H.B. 3166), Sec. 1.02, eff. April 1, 2009.
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