Tex. Spec. Dists. Code § 21.452

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.

Section 21.452 - Amount of Tax

(a) The amount of tax imposed by the board must be in an amount necessary to pay:

(1) the principal of and interest on district bonds; and

(2) the expense of assessing and collecting taxes.

(b) The district may impose a maintenance and operating tax in an amount not to exceed three cents on each $100 of assessed valuation of property in the district to pay the district's maintenance and operating expenses.

Tex. Spec. Dist. Loc. Laws § 21.452

Added by Acts 2007, 80th Leg., R.S., Ch. 920, Sec. 1.01, eff. 4/1/2009.