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Texas Special District Local Laws Code

§ 1001.401 — IMPOSITION OF AD VALOREM TAX

SD § 1001.401Title 3. HEALTH · Part A. HOSPITAL DISTRICTS · Ch. 1001. CITY OF AMARILLO HOSPITAL DISTRICT · Art. I. TAXES

Statute text

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(a)The governing body shall impose on all taxable property in the district, for the benefit of the district, a tax at a rate not to exceed 75 cents on each $100 valuation of the property.
(b)The governing body shall impose the tax at the same time taxes are imposed for municipal purposes, using the municipal appraisal roll.
(c)The tax may be used to:
(1)pay the interest on and create a sinking fund for bonds assumed or issued by the district for hospital purposes as provided by this chapter;
(2)provide for the operation and maintenance of the hospital or hospital system; and
(3)when requested by the board and approved by the governing body, make improvements and additions to the hospital system and acquire necessary sites by purchase, lease, or condemnation.

Legislative history

Added by Acts 2005, 79th Leg., Ch. 729 (H.B. 2019), Sec. 1.01, eff. April 1, 2007.

Source: Texas Special District Local Laws Code § 1001.401 from the Texas Constitution and Statutes (Texas Legislature) (public record). DecisionDepot is for informational use only and is not legal advice — verify against the official source before relying on this text.