Texas Special District Local Laws Code 1111.251 – Imposition of Ad Valorem Tax
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(a) The board shall impose a tax on all taxable property in the district subject to district taxation.
(b) The tax shall be imposed for and may be pledged to:
(1) meet the requirements of district bonds and indebtedness assumed by the district;
(2) provide for the district’s maintenance and operating expenses, including the costs or contract payments for hospital care for needy district inhabitants;
(3) make improvements and additions to the district’s hospitals or hospital system; and
(4) acquire necessary sites for the hospitals or hospital system by gift, purchase, lease, or condemnation.
Terms Used In Texas Special District Local Laws Code 1111.251
- Contract: A legal written agreement that becomes binding when signed.
- Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
- Property: means real and personal property. See Texas Government Code 311.005