Texas Special District Local Laws Code 1081.251 – Imposition of Ad Valorem Tax
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(a) The board shall 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) the maintenance and operating expenses of the district.
Terms Used In Texas Special District Local Laws Code 1081.251
- Property: means real and personal property. See Texas Government Code 311.005
(c) The board may not impose the tax to pay the principal of or interest on revenue bonds issued under Section 1081.204.