Texas Water Code
§ 54.602 — ESTABLISHMENT OF TAX RATE IN EACH YEAR
WA § 54.602Title 4. GENERAL LAW DISTRICTS · Ch. 54. MUNICIPAL UTILITY DISTRICTS · Art. G. TAXES
Statute text
View on source(a)Repealed by Acts 1979, 66th Leg., p. 2330, ch. 841, Sec. 6(a)(3), eff. Jan. 1, 1982.
(b)In determining the actual rate to be levied in each year, the board shall consider among other things:
(1)the amount which should be levied for maintenance and operation purposes, if a maintenance tax has been authorized;
(2)the amount which should be levied for the payment of principal, interest, and redemption price of each series of bonds or notes payable in whole or in part from taxes;
(3)the amount which should be levied for the purpose of paying all other contractual obligations of the district payable in whole or in part from taxes; and
(4)the percentage of anticipated tax collections and the cost of collecting the taxes.
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Legislative history
Added by Acts 1971, 62nd Leg., p. 801, ch. 84, Sec. 1. Amended by Acts 1979, 66th Leg., p. 2330, ch. 841, Sec. 6(a)(3), eff. Jan. 1, 1982.