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Current as of January 01, 2024 | Updated by Findlaw Staff
(a) When the county issues bonds under this chapter, the county commissioners court shall impose an ad valorem tax on all property subject to county taxation.
(b) The tax amount must be sufficient to create an interest and sinking fund to pay the principal of and interest on the bonds as they mature.
(c) The proceeds of the tax shall be used to pay the principal of, interest on, and other fees and charges relating to the bonds.
Cite this article: FindLaw.com - Texas Local Government Code - LOC GOV'T § 327.252. Taxes to Pay Bonds - last updated January 01, 2024 | https://codes.findlaw.com/tx/local-government-code/loc-gov-t-sect-327-252/
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