Texas Government Code 1475.003 – Authority to Issue Bonds and Impose Taxes
Current as of: 2024 | Check for updates
|
Other versions
Terms Used In Texas Government Code 1475.003
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
To pay for an action authorized by § 1475.002, a county may, on the approval of at least two-thirds of the qualified voters of the county who vote on the measure:
(1) issue bonds or warrants or otherwise lend its credit in addition to its other debt and in an amount not to exceed one-fourth of the taxable value of the real property in the county; and
(2) impose taxes to pay the interest on and to provide a sinking fund for the redemption of the debt.