Sec. 1108.251. IMPOSITION OF AD VALOREM TAX. (a) The board may 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) district maintenance and operating expenses.
(c) The board may not impose a tax to pay the principal of or interest on revenue bonds issued under Section 1108.204.
Added by Acts 2011, 82nd Leg., R.S., Ch. 70 (S.B. 1147), Sec. 1.01, eff. April 1, 2013.
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