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Texas Special District Local Laws Code

§ 1003.202 — TAXES TO PAY GENERAL OBLIGATION BONDS

SD § 1003.202Title 3. HEALTH · Part A. HOSPITAL DISTRICTS · Ch. 1003. BOOKER HOSPITAL DISTRICT · Art. E. BONDS

Statute text

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(a)The board shall impose an ad valorem tax in an amount sufficient to create an interest and sinking fund to pay the principal of and interest on the general obligation bonds as they mature.
(b)The tax required by this section together with any other tax the district imposes in any year may not exceed 75 cents on each $100 assessed value of the property according to the most recent certified tax appraisal roll of the district.

Legislative history

Acts 2003, 78th Leg., ch. 1277, Sec. 1, eff. April 1, 2005.

Source: Texas Special District Local Laws Code § 1003.202 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.