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(a) The board may impose a tax on property in the district subject to district taxation.
(b) The tax may be used to pay:
(1) indebtedness issued or assumed by the district; and
(2) the maintenance and operating expenses of the district.
(c) The district may not impose a tax to pay the principal of or interest on revenue bonds.
Cite this article: FindLaw.com - Texas Special District Local Laws Code - SDLL § 1012.251. Imposition of Ad Valorem Taxes - last updated April 14, 2021 | https://codes.findlaw.com/tx/special-district-local-laws-code/sdll-sect-1012-251/
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