Tex. Gov't Code § 1508.161 · Subchapter D. BONDS FOR PARKS AND RECREATIONAL FACILITIES IN MUNICIPALITIES WITH POPULATION OF 1.9 MILLION OR MORE
USE OF AD VALOREM TAXES.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) In addition to or instead of a pledge of revenue, a municipality may impose and pledge to the payment of any portion of the operation and maintenance costs of a facility described by Section 1508.152(a) a continuing annual ad valorem tax imposed at a rate sufficient for that purpose as provided in the ordinance authorizing the issuance of bonds under this subchapter.
(b) A tax under this section:
(1) must be imposed at a rate within any limit contained in the municipal charter; and
(2) may not be used for the payment of the principal of or interest on the bonds.
(c) The proceeds of a tax pledged under this section shall be used annually, to the extent required by or provided in the ordinance authorizing the issuance of the bonds, for the operation and maintenance of the facility.
Notes and commentary — not statutory text
History
Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/GV/htm/GV.1508.htm
- Text hash
- sha256 ad48fa59f039b04ec17b95ddcc109eda5f97a1e9f4c256dd9fd3d9fcebf3e3e1
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
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