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Texas Special District Local Laws Code

§ 1042.202 — TAX TO PAY BONDS

SD § 1042.202Title 3. HEALTH · Part A. HOSPITAL DISTRICTS · Ch. 1042. HOOD COUNTY HOSPITAL DISTRICT OF HOOD COUNTY, TEXAS · Art. E. BONDS

Statute text

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The board may issue bonds under Section 1042.201 only if the board imposes an ad valorem tax at a rate sufficient to create an interest and sinking fund to pay the principal of and interest on the bonds as the bonds mature.

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 § 1042.202 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.