Texas Special District Local Laws Code 1077.251 – Imposition of Ad Valorem Tax
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(a) On final approval of the annual budget, the board 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 issued or assumed by the district for hospital purposes; and
(2) care for indigents.
Terms Used In Texas Special District Local Laws Code 1077.251
- Property: means real and personal property. See Texas Government Code 311.005