Sec. 1118.251. IMPOSITION OF AD VALOREM TAX. (a) The board shall impose a tax on all property in the district subject to district taxation.
(b) The tax may be used only to:
(1) pay the interest on and create a sinking fund for bonds issued under this chapter;
(2) provide for the operation and maintenance of the district and hospital system;
(3) make improvements and additions to the hospital system;
(4) acquire sites for additions to the hospital system; and
(5) pay the indebtedness issued or assumed by the district.
Added by Acts 2009, 81st Leg., R.S., Ch. 1139 (H.B. 2619), Sec. 1.01, eff. April 1, 2011.
Redesignated from Special District Local Laws Code, Section 1072.251 by Acts 2011, 82nd Leg., R.S., Ch. 91 (S.B. 1303), Sec. 27.001(53), eff. September 1, 2011.
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