Texas Special District Local Laws Code 1104.306 – Imposition of Tax; Transfer of Debts
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Terms Used In Texas Special District Local Laws Code 1104.306
- Property: means real and personal property. See Texas Government Code 311.005
After issuing the dissolution order, the board shall determine the debt owed by the district and shall:
(1) impose on property subject to taxation in the district a tax in proportion of the debt to the property value and use the tax revenue to pay the district’s bonds or satisfy other district debts; or
(2) transfer the district’s debts to any governmental entity assuming responsibility after dissolution of the district for providing hospital care in the territory included in the district.
