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Current as of January 01, 2024 | Updated by Findlaw Staff
(a) In each year in which bonds issued under Chapter 1471, Government Code, are outstanding, the county, precinct, or road district that issued the bonds shall impose taxes in an amount sufficient to pay the principal of and interest on the bonds.
(b) The taxes shall be imposed in the manner provided by Sections 51.502 through 51.506, Water Code. A reference in Chapter 257 or in Chapter 1471, Government Code, to ad valorem taxes applies to a tax levied by the commissioners court under this section on a basis other than the ad valorem basis.
(c) Taxes for bonds issued on the full faith and credit of the county shall be assessed and collected by the county assessor-collector in the manner provided by law for the assessment and collection of other county taxes.
(d) Taxes for bonds issued for and on the full faith and credit of a precinct or road district shall be assessed and collected by the county assessor-collector in the manner provided for the assessment and collection of common school district taxes.
(e) The county assessor-collector shall pay taxes collected under this section to the county treasurer in the manner that other taxes are paid.
Cite this article: FindLaw.com - Texas Transportation Code - TRANSP § 256.051. County, Precinct, and Road District Bond Taxes - last updated January 01, 2024 | https://codes.findlaw.com/tx/transportation-code/transp-sect-256-051/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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