Texas Special District Local Laws Code 1015.251 – Imposition of Ad Valorem Tax
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(a) The board may impose a tax on all property in the district subject to district taxation.
(b) The tax may be used to meet the requirements of:
(1) district bonds;
(2) indebtedness assumed by the district; and
(3) the maintenance and operating expenses of the district.
Terms Used In Texas Special District Local Laws Code 1015.251
- Property: means real and personal property. See Texas Government Code 311.005
(c) The district may not impose a tax to pay the principal of or interest on revenue bonds issued under this chapter.