Texas Special District Local Laws Code 8509.0306 – Bonds Payable From Ad Valorem Taxes
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Terms Used In Texas Special District Local Laws Code 8509.0306
- Property: means real and personal property. See Texas Government Code 311.005
The board may issue bonds payable, as pledged by board resolution, from:
(1) ad valorem taxes imposed on taxable property in the district; or
(2) ad valorem taxes and revenue of the district.