Texas Special District Local Laws Code 3846.156 – Abolition of Local Sales and Use Tax
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(a) Except as provided by Subsection (b), the board by order may abolish the local sales and use tax rate without an election.
(b) The board may not abolish the local sales and use tax while any district debt or contractual obligation remains outstanding if any sales and use tax revenue is pledged to secure payment of the outstanding debt or obligation.
Terms Used In Texas Special District Local Laws Code 3846.156
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.