Tex. Spec. Dists. Code § 8848.151

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

Section 8848.151 - Limitation on Tax Rate for Debt

The district may impose an ad valorem tax at a rate not to exceed 20 cents for each $100 of assessed valuation to pay any part of the bonds or notes issued by the district if a majority of the voters approve:

(1) the authority to impose the tax at the confirmation election; or

(2) that authority at a separate election called for that purpose by the board.

Tex. Spec. Dist. Loc. Laws § 8848.151

Added by Acts 2009, 81st Leg., R.S., Ch. 1139, Sec. 1.05, eff. 4/1/2011.