Texas Special District Local Laws Code 1115.251 – 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 board shall impose the tax to pay:
(1) indebtedness assumed or issued by the district; and
(2) district maintenance and operating expenses.
Terms Used In Texas Special District Local Laws Code 1115.251
- Property: means real and personal property. See Texas Government Code 311.005
(c) The board may not impose a tax to pay the principal of or interest on revenue bonds issued under Section 1115.206.