Texas Special District Local Laws Code 1049.251 – 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 tax may be used only to:
(1) pay the interest on and create a sinking fund for bonds issued under this chapter;
(2) provide for the operation and maintenance of the district and hospital system;
(3) make improvements and additions to the hospital system; or
(4) acquire sites for additions to the hospital system.
Terms Used In Texas Special District Local Laws Code 1049.251
- Property: means real and personal property. See Texas Government Code 311.005