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Texas Special District Local Laws Code

§ 1041.251 — IMPOSITION OF AD VALOREM TAX

SD § 1041.251Title 3. HEALTH · Part A. HOSPITAL DISTRICTS · Ch. 1041. HIGGINS-LIPSCOMB HOSPITAL DISTRICT · Art. F. TAXES

Statute text

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(a)On final approval of the annual budget, the board shall impose a tax on all property in the district subject to district taxation.
(b)The board shall impose the tax to:
(1)pay the interest on and create a sinking fund for bonds issued or assumed by the district for hospital purposes;
(2)provide for operation and maintenance of the hospital system;
(3)make improvements and additions to the hospital system; and
(4)acquire necessary sites by purchase, lease, or condemnation.

Legislative history

Added by Acts 2007, 80th Leg., R.S., Ch. 920 (H.B. 3166), Sec. 1.02, eff. April 1, 2009.

Source: Texas Special District Local Laws Code § 1041.251 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.